News / Investment

Egypt pens $83 Bn Framework Agreements for Green Hydrogen, Ammonia Plants

These facilities, collectively, are set to produce up to 7.6 mn tons of green ammonia and 2.7 mn tons of hydrogen a year when fully operated.

GV Real Estate Development Pens Agreements for Advanced Tech Solutions

The two agreements were signed on the sidelines of the 27th United Nations Climate Change Conference (COP27), which is held from 6 to 18 November in Sharm El-Sheikh.

Schneider Electric Inks 6 MoUs to Provide Management Solutions for Smart Cities

The MoUs were signed with Tatweer Misr, Misr Italia Properties, REDCON for Offices and Commercial Centers, PARAGON Real Estate Developments, and GV Developments, on the sidelines of the United Nations Climate Change Conference (COP27).

Mountain View, Alesayi Investment Group Pen Deal to Form JV in Saudi Arabia

The JV also aims to promote investments in the sector, inside the Kingdom.

Elsewedy Electric, Deutsche Bahn Initial 15-year Agreement for High-Speed Electric Train

“The new high-speed rail network aims to improve traffic safety and curb air pollution, aligning with the Egyptian government’s efforts to develop the sustainable transportation sector and expand environmentally-friendly mass transportation in major cities,” President and CEO of Elsewedy Electric, Ahmed El Sewedy, notes.

ACWA Power Inks deal with NREA, EETC to Build 10GW Wind Power Plant in Egypt

The agreement includes allocating lands for measurements and technical studies required for the project, in preparation for negotiating the project’s final contracts.

QIA Considers Launching $1bn Renewable Energy Project in SCZone

Informed sources report that the project includes a green ammonia unit, agreed upon in principle between QatarEnergy and The Sovereign Wealth Fund of Egypt (TSFE), on the sidelines of a visit by an Egyptian delegation to Doha last month.

SolarizEgypt Invests EGP 97 mn in Solar Power Plant In El Gouna

The solar plant spans over an area of 245,000 sqm, with investments worth EGP 97 mn.

Intelligent Cities Exhibition & Conference’s 8th Round Kicks Off in November

The event is organized by ROOT Technologies and backed by a plethora of companies including Intertech, Barco, ISD, ECOTEL, Rare Distribution, Masterpiece, Circon, Fremco, and ManageEngine

Seqoon Raises $500K in Pre-Seed Funding

The funding was enabled by the bank’s program to support Egyptian fintech startups.

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