News / Investment

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.

Qatar Investment Authority’s Investment Arm visits Damietta Port

For his part, Ahmed Hawash, Chairman of the Damietta Port Authority, states that the port is taking major steps toward becoming a key commercial and logistics hub in the Middle East.

Hassan Allam Pledges $10 bn Joint Investments in SCZONE with UAE’s Masdar

Allam notes that the company focuses on renewable energy projects, including solar and wind energy and green hydrogen.

El-Sisi Encourages Private Sector to Participate in Black Sand projects

El-Sisi adds that the feasibility studies proved sufficient black sand reserves and global demand for the extracted metals.

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