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    Local, Italian companies partner up to establish food retail chain in Egypt

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    Egypt’s agriculture minister stresses importance of boosting intra-regional trade cooperation among African states

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    Azerbaijan, Iraq discuss prospects of relations

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    Oman inks pack to bolster role of SMEs in food systems

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      Turkey eyes $5bn bilateral trade with Qatar

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      Deal signed to set-up first factory in Qatar to assemble electric vehicles

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      Iraq set to award new Faw Port deals

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      Miral’s premier Abu Dhabi waterfront project work on track

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        Investments in renewables in Egypt reach LE6 bn: Official

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        Egypt signs 8 gas exploration contracts worth $934mn over 15 months

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        JGC lands $3.7bn Iraq refinery upgradation project deal

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        Tadweer opens phase 2 of solar power plant at Al Dhafra

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        France to help Iraq generate electricity, will invest in education, science: Macron

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        Acwa Power inks finance deals for 900MW Dubai solar park

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          Egyptian COVID-19 drug to be on market in two weeks: Health Ministry

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          COVID-19 vaccine could be available by autumn: Oxford University

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          Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

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          Saudi to be among world’s big leisure tourism hubs by 2030

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          Qatar’s hospitality sector peaks despite turbulent 2020

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          Accor inks deal to manage first Swissôtel-branded hotel and residential project in Qatar

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          Ministry signs agreement to support Oman’s honey industry

          Local, Italian companies partner up to establish food retail chain in Egypt

          Local, Italian companies partner up to establish food retail chain in Egypt

          Egypt’s agriculture minister stresses importance of boosting intra-regional trade cooperation among African states

          Egypt’s agriculture minister stresses importance of boosting intra-regional trade cooperation among African states

          Azerbaijan, Iraq discuss prospects of relations

          Azerbaijan, Iraq discuss prospects of relations

          Oman inks pack to bolster role of SMEs in food systems

          Oman inks pack to bolster role of SMEs in food systems

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          MAFWR, Port of Duqm sign MoU

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            Egypt’s Trade minister, Hungarian ambassador discuss economic relations

            Turkey eyes $5bn bilateral trade with Qatar

            Turkey eyes $5bn bilateral trade with Qatar

            Iraq set to award new Faw Port deals

            Iraq set to award new Faw Port deals

            Deal signed to set-up first factory in Qatar to assemble electric vehicles

            Deal signed to set-up first factory in Qatar to assemble electric vehicles

            Railway line to be built between Mosul, Turkey: governor of Nineveh

            Railway line to be built between Mosul, Turkey: governor of Nineveh

            Local, Italian companies partner up to establish food retail chain in Egypt

            Local, Italian companies partner up to establish food retail chain in Egypt

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            Madayn working on major Oman industrial city projects

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            Foundation stone laid for new 700-bed hospital is Salalah, Oman

            Iraq set to award new Faw Port deals

            Iraq set to award new Faw Port deals

            Egypt implements 164 service and development projects at LE4.8 billion in North Sinai

            Egypt implements 164 service and development projects at LE4.8 billion in North Sinai

            Miral’s premier Abu Dhabi waterfront project work on track

            Miral’s premier Abu Dhabi waterfront project work on track

            Aecom wins Neom utilities infrastructure design contract

            Aecom wins Neom utilities infrastructure design contract

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              Investments in renewables in Egypt reach LE6 bn: Official

              Investments in renewables in Egypt reach LE6 bn: Official

              Egypt signs 8 gas exploration contracts worth $934mn over 15 months

              Egypt signs 8 gas exploration contracts worth $934mn over 15 months

              JGC lands $3.7bn Iraq refinery upgradation project deal

              JGC lands $3.7bn Iraq refinery upgradation project deal

              Tadweer opens phase 2 of solar power plant at Al Dhafra

              Tadweer opens phase 2 of solar power plant at Al Dhafra

              France to help Iraq generate electricity, will invest in education, science: Macron

              France to help Iraq generate electricity, will invest in education, science: Macron

              Acwa Power inks finance deals for 900MW Dubai solar park

              Acwa Power inks finance deals for 900MW Dubai solar park

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                Coronavirus: UAE conducting human trials for Covid-19 vaccine

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                Egyptian COVID-19 drug to be on market in two weeks: Health Ministry

                Egyptian COVID-19 drug to be on market in two weeks: Health Ministry

                UAE sends medical aid to Iraq to fight COVID-19

                UAE sends medical aid to Iraq to fight COVID-19

                UAE launches phase III trial of inactivated Covid vaccine

                UAE launches phase III trial of inactivated Covid vaccine

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                COVID-19 vaccine could be available by autumn: Oxford University

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                Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

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                Saudi to be among world’s big leisure tourism hubs by 2030

                Qatar’s hospitality sector peaks despite turbulent 2020

                Qatar’s hospitality sector peaks despite turbulent 2020

                Accor inks deal to manage first Swissôtel-branded hotel and residential project in Qatar

                Accor inks deal to manage first Swissôtel-branded hotel and residential project in Qatar

                Staycations to stimulate Qatar’s hospitality sector

                Staycations to stimulate Qatar’s hospitality sector

                Quarantine rule to give a boost to Qatar’s hospitality industry in Q3: CWQ report

                Quarantine rule to give a boost to Qatar’s hospitality industry in Q3: CWQ report

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              Solar developers flocking to Egypt                  

              PV Magazine

              April 1, 2015
              in Infrastructure, Power & Electricity, Renewable Energy
              0

              The growing confidence in the Egyptian economy in general and the real estate market Solar developers flocking to Egypt.

              An increasing number of international developers are investing billions in solar projects in the country, including three Saudi-led projects aiming to construct 5.5 GW of PV capacity across the country.

              Foreign investment in Egypt’s burgeoning solar sector is ramping up with a slew of international companies announcing, financing, developing and building projects in the country.

              In its recently published report, Egypt’s Solar Energy Market: FiT Program and Beyond 2015, the Egypt Solar Industry Association (Egypt-SIA) has listed eight major current projects in various stages of development. Among them, Saudi Arabian business conglomerate Fawaz Alhokair Group plans to invest $3.5 billion to develop 2 GW of solar power capacity across the country. The Terra Sola Consortium likewise plans to invest the same amount to also build 2 GW of PV plants in Egypt.

              On a smaller scale, Abu Dhabi-based solar PV developer Enviromena has already completed a 10 MW solar PV power plant in the historic oasis town of Siwa, one of Egypt’s most isolated settlements. Inaugurated in March, the project was financed by a $25 million grant from the United Arab Emirates government and carried out in collaboration with Abu Dhabi-based renewable energy company Masdar.

              Access Infra Africa, founded by UAE-based Access Power and France’s EREN Développement, is planning to invest between $350 and $400 million in new and renewable energy projects in Egypt in the next two to three years. In its first phase of projects, Access Infra plans to build 200 MW of solar capacity (and 100 MW of wind). The group is looking to invest between $100 and $150 million a year in Egypt over a five-year period.

              The Terra Sola Consortium, comprising Bahrain-based Terra Sola and Swiss wealth management company Terra Nex, have signed a memorandum of understanding with the Egyptian Electricity Holding Company to develop a large-scale solar power project. The consortium plans to invest $3.5 billion in building 2 GW of PV power plants on a build-own-operate-transfer basis across the country. The plan includes the construction of a 200 MW PV module manufacturing facility and an inverter fab to be used for the consortium’s own solar plants. Terra Solar has also bid and prequalified for a PV project in Kom Ombo, Aswan.

              Fawaz Alhokair Group and its subsidiary FAS Energy have signed a land accessibility deal with the Egyptian Electricity Transmission Company (EETC) and the New and Renewable Energy Authority (NREA) to build a 50 MW PV plant under the country’s feed-in tariff scheme. They have also signed an MOU with EETC, NREA and the Ministry of Electricity and Renewable Energy to develop 2 GW of solar power capacity across Egypt with an investment of $3.5 billion.

              Saudi group ACWA Power and Masdar have signed an agreement with the Egyptian Electricity Holding Company to develop 1.5 GW of solar (and 500 MW of wind) energy capacity. The companies are expected to start with a 200 MW PV power plant.

              Fellow Saudi company Shaheen Group is looking to invest $65.6 million in Egypt’s new and renewable energy sector as the first phase of a larger investment plan in the country. Shaheen’s solar projects include a 50 MW grid-connected solar station in the New Valley (Wadi El Gedid).

              Other projects under development in Egypt include Jordan-based Philadelphia Solar’s FiT-backed 50 MW PV power plant in Binban and Yemen’s Hayel Saeed Anam Group planned $4 million solar panel fab.

              In addition to those projects listed by the Egypt-SIA report, Canada’s SkyPower Global and Abu Dhabi group International Gulf Development (IGD) signed a major agreement with the government at the recent Egypt Economic Development Conference to develop 3 GW of utility-scale solar PV projects over the next four years. Norway’s Scatec Solar also recently announced plans to invest $300 million to develop between 150 MW and 200 MW of new solar PV projects in Egypt in the next two to three years.
              PV Magazine
              1 April

               
               
               
               
               
               
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