Plant & Equipment, a key player in the regional construction equipment market, bolsters its position with the acquisition of Global Equipment Trading in Dubai’s Jebel Ali Free Zone, UAE.
ACWA Power, in collaboration with Hassan Allam Holdings, seals a landmark usufruct agreement with the Egyptian government for a 1.1 GW wind energy project in the Gulf of Suez and Jabal El-Zeit.
King Abdulaziz Port will also see the creation of an integrated logistics area to improve sustainability and resiliency.
The rail and ports corridor represents a strategic initiative to redefine regional connectivity and economic partnerships.
Green energy in Africa will receive a significant boost as the UAE is set to fuel Africa’s potential with a USD 4.5 billion finance initiative.
West African ports are vital to the region’s ambitions to emerge as a global energy hub. In this strategic pursuit, international heavyweights such as China and the UAE have stepped forward as key investors.
The Addis-Djibouti corridor will be upgraded as The Horn of Africa Initiative’s Regional Economic Corridor Project receives USD 730 million to transform key trade route.