{"id":604822,"date":"2018-12-13T04:50:48","date_gmt":"2018-12-13T04:50:48","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/13\/elsewedy-arab-contractors-ink-usd-2-9-bn-tanzania-dam-agreement\/"},"modified":"2018-12-13T04:50:48","modified_gmt":"2018-12-13T04:50:48","slug":"elsewedy-arab-contractors-ink-usd-2-9-bn-tanzania-dam-agreement","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/13\/elsewedy-arab-contractors-ink-usd-2-9-bn-tanzania-dam-agreement\/","title":{"rendered":"Elsewedy, Arab Contractors ink USD 2.9 bn Tanzania dam agreement"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <b>Elsewedy, Arab Contractors ink USD 2.9 bn dam construction agreement with Tanzania:<\/b> A joint venture between Elsewedy Electric and Arab Contractors has signed a USD 2.9 bn agreement to build a 2.1 GW dam and a hydropower plant over Tanzania\u2019s Rufiji River, <a href=\"https:\/\/ent.news\/2018\/12\/1076.pdf\">Elsewedy said in a statement (pdf)<\/a>. The final contracts, signed with Tanzania\u2019s government, will see the JV take charge of the entire design, procurement and construction process. The project is financed by the host government and slated for completion sometime around June 2021, with power generation beginning in April 2022. \u201c[The JV is] supporting Tanzania\u2019s economic development by exploiting the country water resources to build an affordable, reliable and sustainable energy mix for Tanzania\u2019s future,\u201d CEO Ahmed Elsewedy said. Elsewedy will hold a 45% stake in the project while Arab Contractors 55%.<\/p>\n<p><b>The project had previously prompted concerns from conservation groups<\/b>, <a href=\"https:\/\/af.reuters.com\/article\/egyptNews\/idAFL8N1YH1T8\">according to Reuters<\/a>, which noted that the dam could potentially endanger the proximate <a href=\"https:\/\/www.selousgamereserve.net\/\">Selous Game Reserve<\/a>. The massive nature reserve \u2014 home to elephants, black rhinos and giraffes \u2014 is one of the largest in Africa and a UNESCO world heritage site.<\/p>\n<p><b>Egypt, Tanzania seek other cooperation avenues: <\/b>The agreement was inked during a ceremony attended by Prime Minister Moustafa Madbouly and Tanzanian President John Magufuli, who <a href=\"http:\/\/www.cabinet.gov.eg\/Arabic\/MediaCenter\/CabinetNews\/Pages\/Prime-Minister-reviewed-with-the-President-of-the-Republic-of-Tanzania.aspx\">also discussed<\/a> how to expand bilateral ties.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Elsewedy, Arab Contractors ink USD 2.9 bn dam construction agreement with Tanzania: A joint venture between Elsewedy Electric and Arab Contractors has signed a USD 2.9 bn agreement to build a 2.1 GW dam and a hydropower plant over Tanzania\u2019s Rufiji River, Elsewedy said in a statement (pdf). The final contracts, signed with Tanzania\u2019s government, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[833,130,7097,152,93,72,7125,7111,1293,2380,323],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-604822","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-arab-contractors","tag-construction","tag-development","tag-elsewedy-electric","tag-energy","tag-enterpriseam","tag-environment","tag-infrastructure","tag-nature","tag-speed-round","tag-unesco","wpautop","entry"],"acf":{"mongo_id":"68aa1661-02fa-4090-a702-66d02d2fe727","order":"0","is_powered_by":true,"section_story_id":"b071e831-7f28-42ee-a454-e4beb834f618","story_type":"1","photo_url":"","photo_position":"above","related_issue":[604806],"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>Elsewedy, Arab Contractors ink USD 2.9 bn Tanzania dam agreement - 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\/2018\/12\/13\/elsewedy-arab-contractors-ink-usd-2-9-bn-tanzania-dam-agreement\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Elsewedy, Arab Contractors ink USD 2.9 bn Tanzania dam agreement\" \/>\n<meta property=\"og:description\" content=\"Elsewedy, Arab Contractors ink USD 2.9 bn dam construction agreement with Tanzania: A joint venture between Elsewedy Electric and Arab Contractors has signed a USD 2.9 bn agreement to build a 2.1 GW dam and a hydropower plant over Tanzania\u2019s Rufiji River, Elsewedy said in a statement (pdf). The final contracts, signed with Tanzania\u2019s government, [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/13\/elsewedy-arab-contractors-ink-usd-2-9-bn-tanzania-dam-agreement\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-12-13T04:50:48+00:00\" \/>\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\/2018\/12\/13\/elsewedy-arab-contractors-ink-usd-2-9-bn-tanzania-dam-agreement\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/13\/elsewedy-arab-contractors-ink-usd-2-9-bn-tanzania-dam-agreement\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Elsewedy, Arab Contractors ink USD 2.9 bn Tanzania dam agreement\",\"datePublished\":\"2018-12-13T04:50:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/13\/elsewedy-arab-contractors-ink-usd-2-9-bn-tanzania-dam-agreement\/\"},\"wordCount\":221,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Arab Contractors\",\"construction\",\"development\",\"Elsewedy Electric\",\"energy\",\"EnterpriseAM\",\"environment\",\"infrastructure\",\"nature\",\"SPEED ROUND\",\"UNESCO\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/13\/elsewedy-arab-contractors-ink-usd-2-9-bn-tanzania-dam-agreement\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/13\/elsewedy-arab-contractors-ink-usd-2-9-bn-tanzania-dam-agreement\/\",\"name\":\"Elsewedy, Arab Contractors ink USD 2.9 bn Tanzania dam agreement - 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Arab Contractors was awarded the tender for the\u2026","rel":"","context":"In &quot;Banking + Finance&quot;","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":627159,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/24\/elsewedy-arab-contractors-bidding-to-build-usd-3-bn-hydroelectric-dam-in-tanzania\/","url_meta":{"origin":604822,"position":1},"title":"Elsewedy, Arab Contractors bidding to build USD 3 bn hydroelectric dam in Tanzania","author":"enterpriseam admin","date":"24 July 2018","format":false,"excerpt":"Elsewedy Electric and Arab Contractors are among five companies that were shortlisted in the tender for a USD 3 bn hydroelectric dam over Tanzania\u2019s Rufiji River, CEO Ahmed El Sewedy tells Al Mal, without naming the other suitors. The Tanzanian government is expected to secure funding for the 2.1 GW\u2026","rel":"","context":"In &quot;Diplomacy + Foreign Trade&quot;","block_context":{"text":"Diplomacy + Foreign Trade","link":"https:\/\/enterpriseam.com\/egypt\/category\/diplomacy-foreign-trade\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":597508,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/29\/egypts-shaker-tanzanias-magufuli-break-ground-on-stieglers-gorge-dam\/","url_meta":{"origin":604822,"position":2},"title":"Egypt\u2019s Shaker, Tanzania\u2019s Magufuli break ground on Stiegler\u2019s Gorge dam","author":"enterpriseam admin","date":"29 July 2019","format":false,"excerpt":"Shaker, Tanzanian president break ground on Rufiji river dam: Electricity Minister Mohamed Shaker and Tanzanian President John Magufuli broke ground on the 2.1 GW Stiegler's Gorge Hydroelectric Power Station in Tanzania that will be constructed by a joint venture between our friends at Elsewedy Electric and Arab Contractors, reports Masrawy.\u2026","rel":"","context":"In &quot;Diplomacy + Foreign Trade&quot;","block_context":{"text":"Diplomacy + Foreign Trade","link":"https:\/\/enterpriseam.com\/egypt\/category\/diplomacy-foreign-trade\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":604775,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/12\/egypts-elsewedy-afreximbank-ink-usd-500-mn-loan-agreement\/","url_meta":{"origin":604822,"position":3},"title":"Egypt\u2019s Elsewedy, Afreximbank ink USD 500 mn loan agreement","author":"enterpriseam admin","date":"12 December 2018","format":false,"excerpt":"Elsewedy, Afreximbank ink USD 500 mn loan agreement: Elsewedy Electric signed a USD 500 mn loan agreement with the African Export-Import Bank (Afreximbank) to finance its projects in Africa, Elsewedy marketing director Ahmed Hassouna said, according to Youm7. 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PLUS: New pharma company acquires stakes in Jordanian diagnostics player","author":"enterpriseam admin","date":"13 November 2023","format":false,"excerpt":"Afreximbank previously supported a dam project developed by Elsewedy and Arab Contractors","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/11\/616.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":623143,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/22\/arab-contractors-to-build-usd-3-bn-2-1-gw-hydroelectric-dam-over-tanzanias-rufiji-river\/","url_meta":{"origin":604822,"position":5},"title":"Arab Contractors to build USD 3 bn 2.1 GW hydroelectric dam over Tanzania\u2019s Rufiji River","author":"enterpriseam admin","date":"22 October 2018","format":false,"excerpt":"Arab Contractors won a tender to build a USD 3 bn hydroelectric dam over Tanzania\u2019s Rufiji River, according to an Ittihadiya statement. Elsewedy Electric and Arab Contractors were among the five companies shortlisted for the 2.1 GW project, which will be financed by the Tanzanian government. Tanzanian President John Magufuli\u2026","rel":"","context":"In &quot;Diplomacy + Foreign Trade&quot;","block_context":{"text":"Diplomacy + Foreign Trade","link":"https:\/\/enterpriseam.com\/egypt\/category\/diplomacy-foreign-trade\/"},"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\/604822","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=604822"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/604822\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/604806"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=604822"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=604822"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=604822"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=604822"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=604822"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}