China Energy Engineering Corporation is seeking to invest $1 billion in Egypt over the next five years.

Egypt and the African Development Bank Group penned a financing agreement for the fourth phase of the Abu Rawash Water Treatment Plant

SCZone Istithmar, a wholly-owned entity of the General Authority for the Suez Canal Economic Zone (SCZone), has invited for companies to submit prequalification applications for a long-term water purchase agreement.

TAQA Arabia and Somabay inaugurated Egypt's largest desalination plant powered entirely by solar energy.

Minister of Agriculture and Land Reclamation Alaa Farouk presented the ministry’s initiatives to bolster food security and achieve sustainable development during a general session of the House of Representatives.

Egypt’s external debt dropped by more than $15 billion in six months, reflecting the government’s reform efforts, Prime Minister Mostafa Madbouly announced.

Egyptian Prime Minister Mostafa Madbouly called on Japanese companies to make a strong debut in the Egyptian market and capitalize on the promising opportunities in the new and renewable energy and water management sectors.

Egypt is planning to launch bids for seawater desalination projects within the coming weeks, The Sovereign Fund of Egypt’s (TSFE) CEO Ayman Soliman stated.

The General Authority for Suez Canal Economic Zone’s (SCZONE) Chairman Waleid Gamal Eldien has met with the Italian Ambassador to Cairo Michele Quaroni and a delegation from Italy’s Acea Group to mull cooperation in water desalination field.

The European Bank for Reconstruction and Development (EBRD) is seeking to acquire stakes in a number of Egyptian companies under the state initial public offerings (IPO) program, EBRD’s Managing Director for the Southern and Eastern Mediterranean (SEMED) region Heike Harmgart said.

The General Authority for the Suez Canal Economic Zone (SCZone) and the European Bank for Reconstruction and Development (EBRD) signed a consulting services agreement for a seawater desalination project in Ain Sokhna.

The Saudi Arabia-based ACWA Power is targeting to expand its water desalination projects in several countries, including Egypt.

Egypt’s population, which reached 105.55 million as of October 8th, has been facing rising water scarcity, and the government is promoting water security by considering desalinated water as a nonconventional water resource. Due to climate change and the continuous increase in population and economic activities, whether agricultural or industrial, as well as the per capita share of water that has been decreasing, it has become important for Egypt to start developing water desalination. This comes as Egypt overlooks the Red Sea to the east and the Mediterranean Sea to the north, which gives it access to seawater for desalination.

Over six alliances are showing interest in the Egyptian Electricity Holding Company’s (EEHC) tender to establish and operate five solar power and water desalination plants in the North Coast.

Veolia’s mobile water treatment units allowed EZZ Steel to secure 100% of their water production with lower chloride and total dissolved solids rates, making the water flow into their cooling system.

Egypt is expected to offer the first package of seawater desalination projects to the private sector in the third quarter (Q3) of 2023, Deputy Minister of Housing for Infrastructure Affairs Sayed Ismail said.

Egypt is planning to reach a production capacity of 8.8 million cubic meters per day of desalinated water by 2050 in 11 governorates as per the country’s strategy to meet the water desalination requirements.

The Sovereign Fund of Egypt (TSFE) has prequalified 17 consortia to bid for the development of several seawater desalination projects that will be offered to the private sector.

The agreement aims at pushing the water desalination program in Egypt forward, and it will also contribute to strengthening the government’s efforts to ensure access to safe, clean, and sufficient water, Planning Minister Hala Elsaid highlighted.