UAE-based Gulf Capital to invest $250 mln in Egypt in 2022 – Egypt Gulf Capital, which has been investing in Egypt for five years now, opened its office in the country last week and announced its plans to expand in the domestic market. It currently has assets under management with a total value exceeding $2.5 billion across seven funds and investment vehicles. Its key investment markets are the UAE, Saudi Arabia, and Egypt. Speaking to Ahram Online, El-Solh noted that Egypt has made significant strides over the past five years in terms of its economy and the improvement of the […] UAE-based Gulf Capital to invest $250 mln in Egypt in 2022 – EgyptDME GmbH2022-03-07T11:50:40+01:00
Nizar Baraka: Morocco Will Lose 30% of Water Resources by 2050 – Morocco Rabat – Minister of Equipment and Water, Nizar Baraka called for the urgent prioritization of water efficiency measures, in order to combat the water stress that currently engulfs Morocco. During a meeting organized by the Press Club Morocco on the topic of „Water as a Moroccan Wager“ in partnership with the higher institute of Information and Communication, Baraka highlighted that improving water efficiency in Morocco must be at the center of concerns, in addition to the construction and management sectors. The minister stressed that Morocco has moved […] Nizar Baraka: Morocco Will Lose 30% of Water Resources by 2050 – MoroccoDME GmbH2022-03-05T14:43:09+01:00
A new drinking water supply system supplies 45,000 people in Obock – DJIBOUTI The new drinking water supply system (AEP) has been operational since February 17, 2022. The system located in Obock Province, Djibouti was made possible by a grant from Saudi Arabia, through the Saudi Fund for Development (SFD). The $10 million in funding provided to the Djibouti government has enabled the construction of various facilities in Bissidiro. In the town located in the north of Obock province, eight reservoirs store water pumped from boreholes. This water is distributed to the population via 105 km of pipes. A new drinking water supply system supplies 45,000 people in Obock – DJIBOUTIDME GmbH2022-03-04T12:14:50+01:00
Seawater desalination is set to take off in Egypt in a big way – Egypt Doosan Heavy Industries & Construction recently signed a memorandum of understanding on a project in Egypt, signalling the company’s entry into the North African desalination market. The South Korean corporation announced they had signed a MoU with Hassan Allam, a large-sized construction/developer firm in Egypt, and Almar Water Solutions, a company formed through a Saudi Arabia-Spain joint venture, agreeing to cooperate on a reverse osmosis(RO) desalination project. At the MoU signing in Cairo, Egypt Inwon Park, CEO of Doosan Heavy’s Plant EPC Business Group said: “We will endeavor […] Seawater desalination is set to take off in Egypt in a big way – EgyptDME GmbH2022-03-02T15:51:47+01:00
Metito, Scatec and Orascom to invest in solar desalination – Egypt Three companies want to invest in the supply of drinking water in Egypt. They are the Emirati company Metito Holdings, the Norwegian group Scatec and the Egyptian company Orascom Construction, gathered in consortium. The partners are currently in talks with the Sovereign Wealth Fund of Egypt (TFSE) for the construction of a new seawater desalination plant in the country. The capacity of the future plant will be between 1 and 2 million m3 of water per day. (LINK). Metito, Scatec and Orascom to invest in solar desalination – EgyptDME GmbH2022-03-01T14:20:58+01:00
11 companies to bid on $2.8B desalination projects in Egypt – Egypt Nearly 11 Arab and International companies are planning to officially submit their offers to bid on desalination projects in Egypt, government sources told Al Borsa News. These projects are set to be carried out with a total estimated investment of up to $2.8 billion, the sources highlighted. The companies include ACWA Power, Hassan Allam, Al Nowais Group, Schneider Electric, Orascom Construction, and Matito, in addition to, other Chinese, Japanese, American, French, and German companies, they added. (LINK). 11 companies to bid on $2.8B desalination projects in Egypt – EgyptDME GmbH2022-02-28T15:39:27+01:00
Egypt holds talks with 10 English companies to invest in water desalination – Egypt The Egyptian Deputy Minister of Housing for Infrastructure Affairs Sayed Ismail held talks with officials from 10 English companies about investing in desalinated water and sanitation projects. This came during Ismail’s participation in the 11th World Water-Tech Innovation Summit, held in the British capital of London last week. Ismail referred to ambitious plan adopted by the government to modernize the infrastructure in all sectors and promising areas, including the New Administrative Capital and the industrial zone of the Suez Canal axis. Egypt holds talks with 10 English companies to invest in water desalination – EgyptDME GmbH2022-02-26T15:35:12+01:00
UAE’s Metito, Scatec in talks on $1.5bn Egypt desalination plant – Egypt The UAE’s Metito Holdings Ltd., Scatec and Orascom Construction are in talks with Egypt on a $1.5bn renewables-powered desalination plant, as the most populous Arab nation moves to address looming water shortages. The three-company consortium is in discussions with Egypt’s sovereign wealth fund to partner on the project that would follow a build, own, operate and transfer system, according to Metito’s managing director for Africa, Karim Madwar. Reliant on the Nile River for much of its fresh water, Egypt has announced plans for a swathe of new […] UAE’s Metito, Scatec in talks on $1.5bn Egypt desalination plant – EgyptDME GmbH2022-02-21T17:57:18+01:00
Egypt in talks with Metito-led consortium over $1.5B desalination plant – Egypt The Egyptian government is in talks with a consortium comprised Dubai-based Metito Holdings Ltd, Norway’s Scatec ASA, and Orascom Construction PLC (ORAS) over a $1.5 billion renewables-powered desalination plant, Bloomberg reported. This move comes as part of Egypt’s strategy in addressing possible water shortages. The consortium is seeking to partner up with the Sovereign Fund of Egypt on setting up the plant, which would follow a build-own-operate-transfer system (BOOT), according to Managing Director of Metito for Africa Karim Madwar. (LINK). Egypt in talks with Metito-led consortium over $1.5B desalination plant – EgyptDME GmbH2022-02-17T14:38:31+01:00
Metito, Scatec in Talks on $1.5 Billion Egypt Desalination Plant – Egypt The UAE’s Metito Holdings Ltd., Scatec ASA and Orascom Construction are in talks with Egypt on a $1.5 billion renewables-powered desalination plant, as the most populous Arab nation moves to address looming water shortages. The three-company consortium is in discussions with Egypt’s sovereign wealth fund to partner on the project that would follow a build, own, operate and transfer system, according to Metito’s managing director for Africa, Karim Madwar. Reliant on the Nile River for much of its fresh water, Egypt has announced plans for a swathe of […] Metito, Scatec in Talks on $1.5 Billion Egypt Desalination Plant – EgyptDME GmbH2022-02-16T15:16:29+01:00