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Mitsubishi and another undisclosed Japanese firm selected to set up Hurghada’s 20 MW solar power plant
The facility will be Egypt’s first solar station to be equipped with a battery to store energy
More funding from the AfDB. PLUS: ICON is heading to Saudi and we’re in for Indian, and German investments
The AfDB plans to lend us USD 349 mn before the end of the year
THIS MORNING: The government’s economic conference is not happening today. Or this month + Money for COP27
Good morning, everyone, and welcome to a super-busy Wednesday. Let’s jump straight in: NOT HAPPENING TODAY- The Madbouly government’s economic…
Gov’t to begin signing off on USD 3 bn of water desalination bids in 1H2022
Gov’t to rule on USD 3 bn-worth of desalination bids in 1H2022: Al Nowais, ACWAPower, Mitsubishi, Schneider Electric, Shanghai SafBon…
Arco inks EGP 720 mn financial leasing agreement
Real estate development firm Arco is borrowing EGP 720 mn via a financial leasing agreement with a syndicate of Gulf…
OC announces dividend payout + acquisition in the cards
Orascom Construction’s (OC) board of directors has approved an interim dividend payout of USD 0.2313 per share, the company said…
Egypt signs 21 major agreements to overhaul metro, railways + more
Breaking down the 21 new transport infrastructure agreements signed at TransMEA: Egypt signed a total of 21 new agreements with…
Big new rail company plans to invest USD 10 bn + tons more rail transport news from Cairo ICT
INVESTMENT WATCH- Big new rail company plans to invest USD 10 bn + tons more rail transport news from Cairo…
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