The Red Sea Project passes $2 billion contract milestone – Egypt The Red Sea Development Company (TRSDC) has revealed it has awarded more than 500 contracts to international and local firms – totalling around $2 billion – since its flagship regenerative tourism initiative, the Red Sea Project, was announced in July 2017. At a specially arranged press conference held today, the firm said that these contracts had included awards for the design, build and operation of state-of-the-art accommodation and facilities at the Red Sea Project, adding that it expects a roll-out of new contracts by the end of 2020 to take aggregate commitments to […] The Red Sea Project passes $2 billion contract milestone – EgyptDME GmbH2020-11-01T15:09:44+01:00
Egypt’s Sisi inaugurates a host of national projects in Sinai – Egypt Egypt’s President Abdel-Fattah El-Sisi attended on Saturday the opening ceremony of the King Salman International University in the resort city of Sharm El-Sheikh. The university comprises 15 faculties distributed among its three branches in El-Tor, Ras Sedr, and Sharm El-Sheikh cities, and can accommodate over 25,000 students, according to a video played during the inauguration. The president opened the two other branches in El-Tor and Ras Sedr via video-conference. (LINK). Egypt’s Sisi inaugurates a host of national projects in Sinai – EgyptDME GmbH2020-10-31T21:29:58+01:00
Al-Sisi directs TSFE to maximise value of state assets – Egypt (MENAFN – Daily News Egypt) President Abdel Fattah Al-Sisi directed, on Sunday, The Sovereign Fund of Egypt (TSFE) to maximise the value of state assets whose ownership was transferred to the Fund. He also ordered the government to ‚to present the best alternatives for re-employing those assets to achieve optimal benefit, successful management, and higher return.‘ Al-Sisi’s remarks came during a meeting with Prime Minister Mostafa Madbouly, Minister of Planning and Economic Development Hala El-Said, Minister of Communications and Information Technology Amr Talaat, and Executive Director of TSFE Ayman […] Al-Sisi directs TSFE to maximise value of state assets – EgyptDME GmbH2020-10-26T14:13:05+01:00
Almar water and HA Utilities BV take over key desalination assets in Egypt – Egypt Almar Water Solutions, Abdul Latif Jameel Energy’s dedicated water solutions unit, and HA Utilities BV (HAU), part of Hassan Allam Holding (HAH), have finalized a deal with the Ridgewood Group, taking ownership of assets with a total desalination capacity of 82,440 cubic meters of drinking water per day, from 58 desalination plants located across Egypt. The deal was closed under the joint venture between Almar Water Solutions and HA Utilities BV, announced in 2019, and created to provide sustainable water infrastructure solutions to both municipal and industrial clients across Egypt. Almar water and HA Utilities BV take over key desalination assets in Egypt – EgyptDME GmbH2020-10-25T14:00:48+01:00
Egypt faces major challenge in balancing between water resources and needs: Minister – Egypt Egypt is facing a major challenge in balancing between its water resources and needs, especially with around 97 percent of its water resources flowing in from outside its borders, Irrigation Minister Mohamed Abdel-Aty said on Sunday. In a speech during the third edition of Cairo Water Week, Abdel-Aty said that Egypt cannot rely in filling the gap on underground water, which faces a risk of depletion. (LINK). Egypt faces major challenge in balancing between water resources and needs: Minister – EgyptDME GmbH2020-10-18T15:44:57+02:00
‚Be prepared‘: With water scarcer, Egypt pushes farmers to use much less – Egypt Hassan Abdel Salam knew he was wasting a lot of water every time he flooded his fields to irrigate his mango crop, but wasn’t aware of any alternative. Then the farmer from northern Egypt learned about drip irrigation – putting tiny amounts of water just where it’s needed – through a new government scheme. Now pipes with small holes snake around his 10-feddan (10-acre) farm, dripping water directly to the base of each plant. (LINK). ‚Be prepared‘: With water scarcer, Egypt pushes farmers to use much less – EgyptDME GmbH2020-09-24T19:04:36+02:00
Desalination: Why the future of water innovation is informal and local – Mediterranean Sea Israel, the Middle East and South Africa share a common fate of growing water scarcity in the face of growing water demand and the impact of climate change on water availability. One of the greatest challenges the two regions face is the large percentage of the population that lacks access to water and wastewater infrastructure. Lack of access or intermittent access to drinking water, sewage treatment and disposal and energy impede these populations’ abilities to improve their socioeconomic situation miring them in poverty. Desalination: Why the future of water innovation is informal and local – Mediterranean SeaDME GmbH2020-09-13T15:41:54+02:00
EBRD may finance ACWA’s 200 MW solar plant in Egypt with $54 million loan – Egypt The European Bank for Reconstruction and Development reports it is considering lending $54 million to Saudi energy giant ACWA for a 200 MW solar power plant it is building in the town Kom Ombo, in the Aswan governorate of southern Egypt. The international financial institution said the lending may consist of senior debt financing of up to $40 million co-financed with other parties and an equity bridge loan of up to $14 million. The 200 MW plant will be located in a vacant arid land 60 km north of […] EBRD may finance ACWA’s 200 MW solar plant in Egypt with $54 million loan – EgyptDME GmbH2020-09-02T21:49:33+02:00
Egypt set to add 19 new desalination plants by 2022 – Egypt Egypt is set to boost its water production capacity with the addition of 19 new desalination plants in a period of 18 months. The desalination plants worth a total of LE11 billion ($690mn) will have a total daily production is 550,000 cubic meters. They will be built in Nabq, Ras Sidr, Abou Zanima, Dahab, Nuieba, Arish 1, Arish 2, Arish 3, Arish 4, Sheikh Zowayed 1, Sheikh Zowayed 2, Sidi Barani expansions, western Port Said, Dabaa, Marina 1, Marina 2, Marbella, and New Mansoura. (LINK). Egypt set to add 19 new desalination plants by 2022 – EgyptDME GmbH2020-08-24T14:55:27+02:00
Egyptian Ministry to provide financial guarantee for water sector – Egypt The Egyptian Ministry of Finance will offer EGP 3 billion worth of financial guarantee to state-owned Holding Company for Water and Wastewater, according to an official statement. The guarantee will help fund desalination projects in Hammam area in Marsa Matrouh as well as Safaga, El Quseir, and Marsa Alam in the Red Sea. (LINK). Egyptian Ministry to provide financial guarantee for water sector – EgyptDME GmbH2020-08-23T14:55:20+02:00