Nabil Khalil

UAE, Egypt advance development of Africa's Biggest Wind Farm

The landmark wind project will produce 47,790 GWh of clean energy per year and reduce around 9 percent of Egypt’s annual carbon emissions.

Egypt ranked 1st regionally and 14th globally in terms of recycling rates, according to the Cabinet’s Information and Decision Support Center (IDSC).

Egypt’s net foreign assets (NFAs) deficit jumped to LE 755.68 billion in March 2023, according to a previous report.

It is worth mentioning that the company’s investments in Egypt have reached over EGP 1 billion so far.

The placement’s success as well as the oversubscription is considered a new milestone for Azimut and Evolve as well as their partners like EGYCASH.

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