Egypt plans to derive 20% of its electricity from renewable sources by 2020

FACT No 7

Egypt plans to derive 20% of its electricity from renewable sources by 2020
Women to form 11% of Egypt's next parliament

FACT No 22

Egypt is home to 30% of the Arab world's bloggers
Egypt's economy is expected to grow four percent in 2009, in the midst of the global recession

FACT No 3

Egypt's economy is expected to grow four percent in 2009, in the midst of the global recession
Cairo is home to Africa's only subway

FACT No 5

Cairo is home to Africa's only subway
The World Bank named Egypt 2008's top economic reformer in the Middle East for the third year in a row

FACT No 1

The World Bank named Egypt 2008's top economic reformer in the Middle East for the third year in a row

Online Newsroom: E-Alerts

Egypt Set for First Public-Private Partnership Venture

February 11, 2010

Zawya

Egypt’s first Public-Private Partnership (PPP) venture is on track to be completed in 2012, announced the Egyptian Ministry of Finance and the International Finance Corporation (IFC). The IFC hopes to finance five such projects in Egypt, and the first PPP venture will see the construction of an approximately $150 million wastewater facility on the outskirts of Cairo.

In May 2009, the government closed the international bidding for the project and awarded it to Orasqualia, a consortium between Egypt's Orascom Construction Industries and Spain's Aqualia and Aqualia Infrastructure.

With a capacity of 250,000 m3 the facility is expected to satisfy the sanitation needs of the growing settlements of New Cairo. The current population of New Cairo is 500,000 and is expected to increase to 3.8 million by 2029.

"We are actively working to collaborate with the private sector to meet the growing infrastructure demands in Egypt. This project is an important step towards setting the stage for future PPPs," said Rania Zayed, head of the PPP Central Unit at Egypt's Ministry of Finance.

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