TAQA Celebrates Milestones and Expands Service Footprint in Africa and Iraq
Marking Two Decades of Excellence: TAQA Celebrates Milestones and Expands Service Footprint in Africa and Iraq. The Industrialization and Energy Services Company (TAQA), a leading well solutions provider to the energy industry, celebrated its 20th anniversary at Abdeen Palace in Cairo. The celebration witnessed the announcement of the integration of “Tendeka”, “Cougar”, “TARGET”, and “AlMansoori Petroleum […]
TAQA Expands in Egypt as Strategic Hub for Energy Services
Aiming to strengthen its presence, TAQA Expands in Egypt as Strategic Hub for Services. Following the acquisition of Al Mansouri Petroleum Services Company (AMPS), the Industrialization and Energy Services Company, ‘TAQA,’ has fortified its footprint in Egypt. This strategic move aims to position Egypt as a regional hub and a robust gateway for expansion into […]
ACWA Power’s 200MW Kom Ombo solar project obtains $123 million financing package
ACWA Power, a leading Saudi developer, investor, and operator of power generation, water desalination and green hydrogen plants worldwide, today announced that it has signed a US$123 million financing package to develop the 200MW Kom Ombo project, a utility-scale solar power plant in Egypt. Financing institutions for this project include European Bank for Reconstruction and […]
Saudi Alhokair subsidiary FAS Energy to build $450 mn solar plant in Egypt
Alhokair Group subsidiary FAS Energy is planning to invest some USD 450 mn (SAR 1.7 bn) to construct a 500 MW solar plant in Egypt in partnership with the Electricity Ministry and the Egyptian Electricity Transmission Company (EETC), FAS Energy CEO Sabri Asfour told Enterprise. The firm is in final negotiations on the location of the plant, and hopes to sign […]
ACWA Power, Hassan Allam consortium signs deal for 1.1GW wind project in Egypt worth US$1.5 bn
The 1.1 GW project is one of the largest onshore wind farms in the world and the largest in the Middle East. Agreement signed during HRH Mohammed Bin Salman, Crown Prince of Saudi Arabia’s state visit to Egypt. Project marks ACWA Power’s expansion in the country to three projects. ACWA Power, a leading Saudi developer, investor […]
Egypt, Ajlan & Bros ink $3.3 bn deal to build petroleum storage complex
Ajlan & Bros to build oil storage complex: Saudi conglomerate Ajlan & Bros inked a USD 3.3 bn agreement to build a facility for storing petroleum products with the Egyptian Arab Supply Chain Group Company, according to Arab News. The storage complex made up more than 40% of the value agreements signed with KSA yesterday. The company signed six […]
Hitachi ABB Power Grids consortium awarded major contract for first ever large-scale HVDC interconnection in Middle East & North Africa
The groundbreaking intercontinental link will enable the Kingdom of Saudi Arabia and the Arab Republic of Egypt to exchange electricity, increase grid resilience and support a carbon-neutral future. Hitachi ABB Power Grids today announced that it is the lead in a consortium that has been awarded a major contract worth several hundreds of millions of […]
Orascom Construction, Hitachi ABB ink contracts for Egypt-Saudi power link
OC-led consortium signs contract for electricity grid connection with KSA: An Orascom Construction-led consortium signed a contract with the Egyptian Electricity Transmission Company (EETC) to connect the national power grids of Egypt and Saudi Arabia, according to an OC press release. out today. The long-awaited project — the first inter-continent high-voltage direct current (HDVC) project in the world, according to […]
Saudi service station provider Aldrees Petroleum plans Egypt expansion
Saudi’s Aldrees Petroleum looks to grow in Egypt. Saudi Arabia’s Aldrees Petroleum and Transport Services is planning to expand into Egypt by opening 60 fuel stations in the country during 2H2021, according to Arab News. Aldrees has reportedly submitted a request to acquire existing service stations in Egypt, but is awaiting a response. The Saudi […]