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Gov’t hikes subsidized butane prices by up to 50%
The price hikes are expected to save the state over EGP 27 bn in annual expenditures
ACWA Power, Hassan Allam plan to secure close to USD 900 mn for their mega Gulf of Suez wind farm by year end
The consortium signed a 25-year land usufruct agreement for the wind farm in January
Load shedding resumption plans shelved?
Good morning, folks. As we enter the second half of this shorter than usual workweek, tourism investment news is leading…
Gov’t to scrap Beni Suef power plant sale?
Good morning, folks. We’ve got another packed issue for you today, full of FDI, renewables, M&A, real estate, and tax…
AMEA Power to invest USD 800 mn to develop Africa’s largest solar power plant and battery storage projects in Upper Egypt. PLUS: Scatec, two int’l consortia set the wheels in motion on renewables projects.
AMEA will develop a 1 GW solar power plant with 600 MWh battery storage system in Benban — expected to…
Egypt secures 20 LNG cargoes for some USD 907 mn to cover winter demand. PLUS: Gov’t mulls hiking gas prices for factories
The EGPC received offers at “very competitive rates” deemed well below market price
Palm Hills to embark on USD 300 mn project to set up 15 Saudi schools. PLUS: Contact Financial, Brotinni, ISIS Organic, EFG Hermes, Ayadi, Vacsera
The developer also has plans to set up ten schools in the Egyptian market
Auto Jameel to assemble up to 15k GAC cars locally: PLUS: Rameda, Vodafone, Ayadi, Entlaq, ACUD, Raya Foods
The company will initially begin producing at third-party production lines, until it establishes its own independent factory within three years
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