{"id":644481,"date":"2024-09-26T00:00:00","date_gmt":"2024-09-26T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/26\/cemex-inks-agreement-to-take-on-its-second-waste-to-energy-project-plus-ezdehar-neopay-cairo-metro\/"},"modified":"2024-09-26T00:00:00","modified_gmt":"2024-09-26T00:00:00","slug":"cemex-inks-agreement-to-take-on-its-second-waste-to-energy-project-plus-ezdehar-neopay-cairo-metro","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/26\/cemex-inks-agreement-to-take-on-its-second-waste-to-energy-project-plus-ezdehar-neopay-cairo-metro\/","title":{"rendered":"Cemex inks agreement to take on its second waste-to-energy project. PLUS: Ezdehar, NeoPay, Cairo Metro"},"content":{"rendered":"<p class=\"tag-border-left\">RENEWABLES-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Cemex inks agreement to operate Assuit WtE facility:<\/strong> Cemex through its Regenera arm will process over 7k tons of municipal solid waste monthly into alternative fuel and organic fertilizer \u2014 its second waste-to-energy (WtE) project in the country \u2014 under an agreement inked with Assuit Governorate, <a target=\"_blank\" href=\"https:\/\/almalnews.com\/%d8%b3%d9%8a%d9%85%d9%83%d8%b3-%d8%aa%d9%88%d9%82%d8%b9-%d8%a7%d8%aa%d9%81%d8%a7%d9%82%d9%8a%d8%a9-%d9%84%d8%aa%d8%b4%d8%ba%d9%8a%d9%84-%d9%85%d8%b5%d9%86%d8%b9-%d8%aa%d8%af%d9%88%d9%8a\/\" style=\"\" rel=\"noopener\">Al Mal<\/a> reports, citing a company statement. No further details of the project were revealed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Not Cemex\u2019s first WtE rodeo:<\/strong> Cemex took steps to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/775a5e9e-160a-44c3-966b-a6517cb82bfb\/are-eco-industrial-parks-the-key-to-a-cleaner-industrial-future%3F\" style=\"\" rel=\"noopener\">establish<\/a> its first waste conversion facility in Gharbia Governorate back in May, with the company signing a partnership agreement to manage and operate a non-hazardous waste recycling and processing plant in El Mahalla El Kubra.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember: <\/strong>We heard in August that the government is set to sign contracts collectively worth up to USD 1.2 bn with eight local-foreign consortiums to produce a total of 1.7 bn Kw\/h of electricity from municipal solid waste across a number of governorates, Waste Management Regulatory Authority consultant Khaled Elfarra <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/cddb654f-695e-48b6-bb71-2f45e6624b83\/waste-to-energy-projects-worth-up-to-usd-1.2-bn-could-be-coming-our-way-soon\" style=\"\" rel=\"noopener\">recently told Enterprise<\/a>.<\/p>\n<p class=\"tag-border-left\">INVESTMENT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Look out for some big ticket investments coming our way from Ezdehar: <\/strong>Egypt-based private equity firm Ezdehar Management plans to invest USD 100 mn over the coming two years through acquisitions in the retail, industrial, and export-heavy sector, Managing Director Emad Barsoum told <a target=\"_blank\" href=\"https:\/\/www.asharqbusiness.com\/companies\/54661\/%D8%A7%D8%B2%D8%AF%D9%87%D8%A7%D8%B1-%D9%84%D9%84%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1-%D8%A7%D9%84%D9%85%D8%A8%D8%A7%D8%B4%D8%B1-%D8%A7%D9%84%D9%85%D8%B5%D8%B1%D9%8A%D8%A9-%D8%AA%D8%B9%D8%AA%D8%B2%D9%85-%D8%B6%D8%AE-100-%D9%85%D9%84%D9%8A%D9%88%D9%86-%D8%AF%D9%88%D9%84%D8%A7%D8%B1\/\" style=\"\" rel=\"noopener\">Asharq Business<\/a>. The investments will come from its Ezdehar Egypt Mid-Cap Fund II, which counts the European Bank for Reconstruction and Development, International Financing Corporation and others among its contributors.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND- Dalydress to head to the Gulf? <\/strong>Ezdehar-owned local clothing brand Dalydress has plans to extend to the Saudi market next year, ahead of further expansions to the rest of the GCC, Barsoum added. Ezdehar <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/fab775a7-1b2c-4413-9891-31d51c7431c2\/ezdehar-acquires-majority-stake-in-apparel-player-behind%253cmark%253e-dalydress%253c%2Fmark%253e-and-premoda\" style=\"\" rel=\"noopener\">purchased above 80% stake<\/a> in clothing company SETA Textiles \u2014 the company behind Dalydress and Premoda \u2014 early this year.<\/p>\n<p class=\"tag-border-left\">EXPANSION-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Could NeoPay expand to Egypt? <\/strong>New majority owners of payment services provider NeoPay, Bahrain-based asset management firm <a target=\"_blank\" href=\"https:\/\/www.arcapita.com\/\" style=\"\" rel=\"noopener\">Arcapita Group Holdings<\/a> and Turkish fintech firm Dgpays, want to expand its services outside the UAE and into other GCC countries, Egypt, and Pakistan, Arcapita\u2019s Managing Director of MENA Investment Yousif Al Abdalla told <a target=\"_blank\" href=\"https:\/\/www.alarabiya.net\/aswaq\/exclusive\/2024\/09\/23\/-%D8%A7%D8%B1%D9%83%D8%A7%D8%A8%D9%8A%D8%AA%D8%A7-%D9%84%D9%84%D8%B9%D8%B1%D8%A8%D9%8A%D8%A9-%D9%86%D8%B3%D8%AA%D9%87%D8%AF%D9%81-%D8%AA%D9%88%D8%B3%D9%8A%D8%B9-%D9%86%D8%B7%D8%A7%D9%82-%D8%B9%D9%85%D9%84-%D9%86%D9%8A%D9%88%D8%A8%D8%A7%D9%8A-%D8%AE%D8%A7%D8%B1%D8%AC-%D8%A7%D9%84%D8%A7%D9%85%D8%A7%D8%B1%D8%A7%D8%AA-\" style=\"\" rel=\"noopener\">Al Arabiya<\/a>. The expansion could happen through M&amp;As with firms operating in the market, forming JVs with local banks, or acquiring the necessary license to operate in the new markets, he added. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember: <\/strong>Arcapita and Dgpays <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/3cc2cee5-c4f4-4756-9fd0-95e6b4c1bfa5\/\" style=\"\" rel=\"noopener\">acquired 65%<\/a> of Mashreq Bank\u2019s payment subsidiary NeoPay earlier this month.<\/p>\n<p class=\"tag-border-left\">TRANSPORT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Another phase of Cairo Metro Line 3 incoming:<\/strong> The National Tunnels Authority inked an MoU with a consortium led by French construction company <a target=\"_blank\" href=\"https:\/\/www.vinci.com\/vinci.nsf\/en\/index.htm\" style=\"\" rel=\"noopener\">Vinci<\/a> to prepare the preliminary design and technical study for phase 4C of the Cairo Metro Line 3, according to a Transport Ministry <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/story.php\/?story_fbid=839776654986059&amp;id=100068611971858&amp;_rdr\" style=\"\" rel=\"noopener\">statement<\/a>. The construction includes French construction companies Vinci and <a target=\"_blank\" href=\"https:\/\/www.bouygues.com\/en\/\" style=\"\" rel=\"noopener\">Bouygues Group<\/a> as well as local construction companies Arab Contractors and Orascom Construction. The new phase will extend from Heliopolis to Cairo International Airport. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cemex took steps to establish its first waste conversion facility in Gharbia Governorate back in May<\/p>\n","protected":false},"author":1,"featured_media":644482,"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":[7209],"tags":[111,72,762,183,2373,151,207],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-644481","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-enterpriseam","tag-ezdehar","tag-fintech","tag-mashreq-bank","tag-renewables","tag-transport","wpautop","entry"],"acf":{"mongo_id":"c7d688c6-74d5-4a10-96b6-6f2595dd7a0d","order":"12","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/9\/2048.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Cemex inks agreement to take on its second waste-to-energy project. PLUS: Ezdehar, NeoPay, Cairo Metro","related_issue":[644461],"teaser":"Cemex took steps to establish its first waste conversion facility in Gharbia Governorate back in May","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/9\/.ae9aa1e8-0abf-4d0d-9a3b-92f021da2344.mp3"},"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>Cemex inks agreement to take on its second waste-to-energy project. PLUS: Ezdehar, NeoPay, Cairo Metro - 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\/2024\/09\/26\/cemex-inks-agreement-to-take-on-its-second-waste-to-energy-project-plus-ezdehar-neopay-cairo-metro\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cemex inks agreement to take on its second waste-to-energy project. 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PLUS: Visa + Swypex, BP, Lasirena Group + HE Holding","author":"enterpriseam admin","date":"3 December 2024","format":false,"excerpt":"The waste will be treated to produce alternative fuel and organic fertilizer","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\/5\/1836.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":544980,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/30\/qatar-to-invest-usd-5-bn-in-egypt-cemex-harmony-gold-to-invest-more-here\/","url_meta":{"origin":644481,"position":1},"title":"Qatar to invest USD 5 bn in Egypt + Cemex, Harmony Gold to invest more here","author":"enterpriseam admin","date":"30 March 2022","format":false,"excerpt":"Qatar to invest USD 5 bn in Egypt: Qatar has agreed to invest USD 5 bn here \u201cin the coming period,\u201d becoming the second country in the Gulf to commit funds as we grapple with the impact of surging food and energy prices on the back of Russia\u2019s war in\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\/3\/698.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":594275,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/24\/cabinet-signs-off-on-egypts-waste-to-energy-tariff-at-egp-1-40-kwh\/","url_meta":{"origin":644481,"position":2},"title":"Cabinet signs off on Egypt\u2019s waste-to-energy tariff at EGP 1.40 \/ kWh","author":"enterpriseam admin","date":"24 October 2019","format":false,"excerpt":"CABINET WATCH- Gov\u2019t signs off on waste-to-energy tariff: The Madbouly Cabinet approved yesterday setting the feed-in tariff (FiT) rate for waste-to-energy (WtE) projects at 140 piasters per kWh, according to an official statement. The tariff will be payable in EGP and will remain in place for 25 years. Under the\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":548901,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/25\/my-morning-routine-carlos-gonzalez-ceo-of-cemex-egypt-and-uae\/","url_meta":{"origin":644481,"position":3},"title":"My Morning Routine: Carlos Gonzalez, CEO of CEMEX Egypt and UAE","author":"enterpriseam admin","date":"25 August 2022","format":false,"excerpt":"Carlos Gonzalez, CEO of CEMEX Egypt and UAE: Each week, My Morning Routine looks at how a successful member of the community starts their day \u2014 and then throws in a couple of random business questions just for fun. 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This new capacity will largely be built and operated by the private sector as the electricity and environment ministries plan to issue tenders for WtE plants under\u2026","rel":"","context":"In &quot;Energy&quot;","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/12\/459.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":635587,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/07\/empower-reaches-final-agreement-with-canadian-partners-for-10-mw-waste-to-energy-plant\/","url_meta":{"origin":644481,"position":5},"title":"Empower reaches final agreement with Canadian partners for 10 MW waste-to-energy plant","author":"enterpriseam admin","date":"7 December 2017","format":false,"excerpt":"Energy group Empower has reached a final agreement with unnamed Canadian investors to establish a 10 MW waste-to-energy (WtE) plant with initial investments of EGP 400 mn, Empower CEO Hatem El Gamal tells Al Borsa. 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