{"id":656180,"date":"2024-12-01T00:00:00","date_gmt":"2024-12-01T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/12\/01\/common-arab-electricity-market-incoming\/"},"modified":"2024-12-01T00:00:00","modified_gmt":"2024-12-01T00:00:00","slug":"common-arab-electricity-market-incoming","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/12\/01\/common-arab-electricity-market-incoming\/","title":{"rendered":"Common Arab electricity market incoming?"},"content":{"rendered":"

Good morning, folks<\/strong>, and welcome to the last month of the year. We have a busy issue for you today, so without any further ado, let\u2019s jump right in.<\/p>\n

PSA-<\/p>\n

WEATHER- Take care on the roads this morning in Cairo today with heavy fog forecasted<\/strong>, along with a high of 22\u00b0C and a low of 13\u00b0C, according to our favorite weather app.<\/p>\n

It\u2019s also set to be a foggy day in Alexandria<\/strong>, with a high of 22\u00b0C and a low of 13\u00b0C.<\/p>\n

** DID YOU KNOW that we now cover <\/strong>Saudi Arabia<\/a><\/strong> and the <\/strong>UAE<\/a><\/strong>?<\/strong><\/p>\n

** Were you forwarded this email?<\/strong> Tap or click here<\/a> to get your own copy delivered every weekday before 7am Cairo time \u2014 without charge.<\/p>\n

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HAPPENING TODAY- <\/p>\n

<\/a> #1- We will soon be one step closer to a common Arab electricity market: <\/strong>Arab nations are set to sign two agreements to establish a common Arab electricity market during a two-day session of the Arab Ministerial Council for Electricity being held at the new capital that kicks off today, according to a statement<\/a> from the Electricity Ministry. The agreements cover the legal and legislative framework for the joint market.<\/p>\n

The unified market aims to connect and harmonize the energy systems of 22 Arab <\/strong>countries by 2038<\/strong>, with phased implementation starting 2025, Arab League Energy Director Jamila Matar previously said<\/a>. The market is expected to operate on a commercial mechanism, enabling energy exchange by utilizing surplus electricity from member states. The initiative, Matar added, could draw on the Gulf electricity interconnection project as a model for success.<\/p>\n

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<\/a> #2- The Industry Ministry is offering up 2.6k plots of land to investors<\/strong> across 24 governorates and totalling 15 mn sqm, according to a ministry statement<\/a>. The plots will be offered up on the newly launched Egypt Digital Industrial Platform<\/a> for a three week period. The plot sizes range from 120 sqm to 500 sqm, covering industries including food processing, engineering, pharmaceuticals, chemicals, textiles and construction materials. <\/p>\n

**We did an Inside Industry deep dive into Egypt Digital Industrial Platform shortly after it <\/strong>launched in September. <\/strong>You can check out the story here<\/a>.<\/p>\n

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<\/a> #3- MPs are back in session today after a two-week break<\/strong>, and are set to discuss and vote on a draft cash-based subsidies bill today that aims to give cash-based subsidies to citizens under the poverty line without access to social insurance. The payments will be made from a Takaful and Karama fund affiliated with the Social Solidarity Ministry funded from the state budget, private contributions, foreign grants and loans, and investments.<\/p>\n

NEWS TRIGGERS-<\/p>\n

It\u2019s the first day of December <\/strong>\u2014 here are the key news triggers to keep your eyes on before the year comes to an end:<\/p>\n