{"id":601299,"date":"2019-02-25T03:38:51","date_gmt":"2019-02-25T03:38:51","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/25\/australias-atoun-looking-to-invest-egp-15-bn-in-solar-power-projects-in-egypt\/"},"modified":"2019-02-25T03:38:51","modified_gmt":"2019-02-25T03:38:51","slug":"australias-atoun-looking-to-invest-egp-15-bn-in-solar-power-projects-in-egypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/25\/australias-atoun-looking-to-invest-egp-15-bn-in-solar-power-projects-in-egypt\/","title":{"rendered":"Australia\u2019s Atoun looking to invest EGP 15 bn in solar power projects in Egypt"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> <b>INVESTMENT WATCH- Australia\u2019s Atoun looking to invest EGP 15 bn in solar power projects in Egypt:<\/b> <u><a href=\"http:\/\/www.atounenergy.com\/home\">Atoun Energy Australia<\/a><\/u> is looking to build solar power stations worth as much as EGP 15 bn in Wadi El Gedeid governorate, Governor Mohamed El Zamalot <u><a href=\"https:\/\/alborsaanews.com\/2019\/02\/23\/1180550\">told the domestic press<\/a><\/u>. The company has reportedly filed for approval to start the investment program by building a 250 MW solar plant, El Zamalot said. His statements came at the meeting of the Saudi-Egyptian Business Council in Cairo yesterday.<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <b>Also from the Saudi-Egyptian Business Council meeting: Saudi FDI in Egypt by the numbers: <\/b>Saudi investment in Egypt stands at USD 54 bn today, of which some USD 44 bn is FDI by private companies and USD 10 bn via the Saudi Public Investment Fund, deputy head of the Saudi-Egyptian Business Council Abdullah Bin Mahfouz <u><a href=\"https:\/\/alborsaanews.com\/2019\/02\/24\/1180602\">told the local press<\/a><\/u> at the sidelines of the meeting.<\/p>\n<p><b>He listed off some of the USD 10 bn in recent pledges made by Saudi companies<\/b>, singling out Saudi interest in our services, manufacturing, construction and real estate, ICT, tourism and banking sectors. Among them: two agreements signed between Arab Petroleum Pipelines Company (SUMED) and Saudi Aramco during this month\u2019s <u><a href=\"https:\/\/enterprise.press\/stories\/2019\/02\/13\/egypt-reveals-winners-of-oil-and-gas-bid-round\/\">Egypt Petroleum Show<\/a><\/u> worth some USD 2 bn. He also noted Saudi\u2019s ACWA Power and Hassan Allam Holding\u2019s 2.3 GW, USD 2.3 bn <u><a href=\"https:\/\/enterprise.press\/stories\/2018\/11\/04\/acwa-hassan-allam-ink-ppa-for-usd-2-3-bn-power-plant-2\/\">Luxor power plant<\/a><\/u>. Other projects noted include:<\/p>\n<ul>\n<li>EGP 8 bn-worth of <b>shopping malls<\/b> in Katameya, Mansoura and Tanta being built by Fawaz AlHokair Group\u2019s Marakez;<\/li>\n<li>EGP 5 bn in commitments to <b>medical cities<\/b> in Sheikh Zayed and Ismailia being built by <u><a href=\"https:\/\/batterjeemedical.com\/index.html\">Batterjee Medical Services<\/a><\/u>;<\/li>\n<li>EGP 3 bn-worth of <b>hospitality and tourism<\/b> projects being built by <u><a href=\"http:\/\/www.goldenpyramidsplaza.com.eg\/Pages\">Golden Pyramids Plaza<\/a><\/u> and subsidiary City Stars Properties, including Fairmont Sharm El Sheikh, City Stars North Coast and City Stars Sharm El Sheikh. The companies are owned by the Saudi Sharbatli family.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>INVESTMENT WATCH- Australia\u2019s Atoun looking to invest EGP 15 bn in solar power projects in Egypt: Atoun Energy Australia is looking to build solar power stations worth as much as EGP 15 bn in Wadi El Gedeid governorate, Governor Mohamed El Zamalot told the domestic press. The company has reportedly filed for approval to start [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":601300,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[93,72,150,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-601299","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-energy","tag-enterpriseam","tag-renewable-energy","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"9d552d6a-377f-4f87-ae43-1a093400ec92","is_powered_by":true,"section_story_id":"b207f3b4-3205-4dbd-93d0-0a98c401d158","story_type":"1","photo_url":"https:\/\/ent.news\/2019\/2\/1909.jpg","photo_position":"above","related_issue":[601290],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Australia\u2019s Atoun looking to invest EGP 15 bn in solar power projects in Egypt - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/25\/australias-atoun-looking-to-invest-egp-15-bn-in-solar-power-projects-in-egypt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Australia\u2019s Atoun looking to invest EGP 15 bn in solar power projects in Egypt\" \/>\n<meta property=\"og:description\" content=\"INVESTMENT WATCH- Australia\u2019s Atoun looking to invest EGP 15 bn in solar power projects in Egypt: Atoun Energy Australia is looking to build solar power stations worth as much as EGP 15 bn in Wadi El Gedeid governorate, Governor Mohamed El Zamalot told the domestic press. The company has reportedly filed for approval to start [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/25\/australias-atoun-looking-to-invest-egp-15-bn-in-solar-power-projects-in-egypt\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-02-25T03:38:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2019\/2\/1909.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/25\/australias-atoun-looking-to-invest-egp-15-bn-in-solar-power-projects-in-egypt\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/25\/australias-atoun-looking-to-invest-egp-15-bn-in-solar-power-projects-in-egypt\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Australia\u2019s Atoun looking to invest EGP 15 bn in solar power projects in Egypt\",\"datePublished\":\"2019-02-25T03:38:51+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/25\/australias-atoun-looking-to-invest-egp-15-bn-in-solar-power-projects-in-egypt\/\"},\"wordCount\":313,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/25\/australias-atoun-looking-to-invest-egp-15-bn-in-solar-power-projects-in-egypt\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2019\/2\/1909.jpg?fit=%2C&ssl=1\",\"keywords\":[\"energy\",\"EnterpriseAM\",\"renewable energy\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/25\/australias-atoun-looking-to-invest-egp-15-bn-in-solar-power-projects-in-egypt\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/25\/australias-atoun-looking-to-invest-egp-15-bn-in-solar-power-projects-in-egypt\/\",\"name\":\"Australia\u2019s Atoun looking to invest EGP 15 bn in solar power projects in Egypt - 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Al Ameri told Madbouly he exited his investments in other\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":563156,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/21\/usd-20-bn-saudi-investment-drive-more-from-china\/","url_meta":{"origin":601299,"position":1},"title":"USD 20 bn Saudi investment drive + more from China","author":"enterpriseam admin","date":"21 June 2021","format":false,"excerpt":"KSA is planning serious investment in Egypt: Saudi Arabia could invest as much as USD 20 bn in Egypt over the next five years, Egyptian-Saudi Joint Business Council Chairman Bandar Al Ameri told Akhbar El Youm, saying the drive could bring total investments here from the kingdom and its companies\u2026","rel":"","context":"In &quot;Investment Watch&quot;","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/6\/262.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":547488,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/23\/alhokair-subsidiary-to-build-usd-450-mn-solar-plant-in-egypt\/","url_meta":{"origin":601299,"position":2},"title":"Alhokair subsidiary to build USD 450 mn solar plant in Egypt","author":"enterpriseam admin","date":"23 June 2022","format":false,"excerpt":"Alhokair Group subsidiary FAS Energy is planning to invest some USD 450 mn (SAR 1.7 bn) to construct a 500 MW solar plant in Egypt in partnership with the Electricity Ministry and the Egyptian Electricity Transmission Company (EETC), FAS Energy CEO Sabri Asfour told Enterprise. The firm is in final\u2026","rel":"","context":"In &quot;Investment Watch&quot;","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/6\/284.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":575587,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/20\/egypt-to-invest-egp-36-7-bn-into-green-projects-in-fy2020-2021\/","url_meta":{"origin":601299,"position":3},"title":"Egypt to invest EGP 36.7 bn into green projects in FY2020-2021","author":"enterpriseam admin","date":"20 October 2020","format":false,"excerpt":"INVESTMENT WATCH- Egypt will invest EGP 36.7 bn in green projects during the current fiscal year, accounting for around 14% of its investment budget, Planning Minister Hala El Said said during a conference on the government\u2019s sustainable development plans, according to Al Mal. Some 691 projects worth EGP 447.3 bn\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":599269,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/24\/chinas-silk-road-fund-buys-into-egypt-renewable-energy-scene-through-acquisition-of-large-acwa-power-stake\/","url_meta":{"origin":601299,"position":4},"title":"China\u2019s Silk Road Fund buys into Egypt renewable energy scene through acquisition of large Acwa Power stake","author":"enterpriseam admin","date":"24 June 2019","format":false,"excerpt":"M&A WATCH- China\u2019s Silk Road Fund buys into Egypt renewable energy scene through acquisition of large Acwa Power stake: China\u2019s state-owned Silk Road Fundhas acquired a 49% stake in Saudi utility developer Acwa Power\u2019s renewable energy unit, Arabian Business reports. No details of the investment have been released. The renewable\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/6\/578.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":560831,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/15\/usd-2-5-bn-of-saudi-investment-in-five-years-meamar-launches-healthcare-unit\/","url_meta":{"origin":601299,"position":5},"title":"USD 2.5 bn of Saudi investment in five years + Meamar launches healthcare unit","author":"enterpriseam admin","date":"15 March 2021","format":false,"excerpt":"Sharbatly Group pouring USD 2.5 bn into Egypt? Saudi investor Hassan Sharbatly plans to invest some USD 2.5 bn in several ventures in Egypt over the next five years, he said during a meeting with Prime Minister Moustafa Madbouly and other members of cabinet yesterday, according to a statement. The\u2026","rel":"","context":"In &quot;Investment Watch&quot;","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/601299","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=601299"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/601299\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/601290"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/601300"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=601299"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=601299"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=601299"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=601299"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=601299"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}