Saudi ACWA Power to invest USD 10-12bn in Egypt
10 Apr 2016
(MENAFN) Saudi developer ACWA Power is planning to invest between USD 10-12bn in Egypt in the coming five years.
Moreover, the firm will invest in the Egyptian Power generation sector at both renewable and traditional levels, by adding almost 10,000 megawatts.
Accordingly, Egypt’s power sector is capable to attract new investments value USD 30bn in the coming five years.
The firm plans to review aspects of improving trade exchange and investment in different sectors between the two countries.