Egypt’s Prime Minister inspects Al-Alamein to follow up on projects

Prime Minister Mostafa Madbouly visited the new city of Al-Alamein in an inspection tour to follow up on the development work being carried out there, especially in terms of utilities. During the tour, Madbouly listened to Minister of Housing Assem Al-Jazzar review the volume of investments in the new city and explain that these investments […]

Dubai’s hydroelectric power plant is 44 percent complete

Dubai’s hydroelectric power plant in Hatta is 44 percent complete, the project’s developer Dubai Electricity and Water Authority (DEWA) has said. The utility said in a press statement that the 250-megawatt pumped-storage hydroelectric power station is being built at an investment of 1.421 billion UAE dirhams ($387 million). The statement said the first 37-metre-high Roller Compacted […]

UAE’s Averda International signs $30mln IFC loan to fund expansion

International Finance Corporation (IFC) is providing a $30 million loan to UAE-based waste management company Averda International to support its expansion in Oman, Morocco, and South Africa. This is IFC’s first investment in the private waste management sector in Africa and the Middle East, the World Bank member institution and Averda said in a joint […]