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 […]
Hitachi ABB Power Grids signs contract with GCCIA to improve infrastructure, paving way for Egypt-KSA connection
Hitachi ABB Power Grids awarded three-year contract by Gulf Cooperation Council Interconnection Authority to improve the power infrastructure using innovative system models and pave the way for the connection between Egypt & KSA GCCIA signs up to Hitachi ABB Power Grids’ new reliability-based digital ‘RelCare’ service solution for optimized asset lifecycle management Hitachi ABB Power […]
Egypt, Saudi Arabia sign MoU to share oil experience
Egypt and Saudi Arabia have inked a memorandum of understanding (MoU) for the exchange of petroleum and mining information, Egypt Oil & Gas reported on Sunday. The MoU was signed by the Egyptian petroleum minister Tarek El-Molla and the Saudi energy minister Khaled al Falih on the sidelines of the 16th International Energy Forum Ministerial […]
Maridive wins vessel contracts worth $14 million in KSA, Tunisia
Maridive and Oil Services has landed two contracts, one each in Saudi Arabia and Tunisia, worth a combined USD 14 million, Al Mal reports. The company signed a contract with a Saudi client to rent one vessel for seven years beginning in February, and another contract with a Tunisian client for a three-year terms starting […]
