Investments & Projects

The first Ethiopian owned private industry park, Hawassa Textile and Industrial Park S.C, targets to accomplish the new facility within a year’s time despite price hikes and construction input shortage delays to the project.

Chinese Citic Dicastal Group has launched construction on its third aluminum manufacturing unit in the Atlantic Free Zone of Kenitra (AFZ) with a budget of MAD 1.8 billion ($192 million).

Budget of new investments of public sector oil companies in Egypt reaches LE 30 billion in 2022/2023 budget for the first time, Minister of Petroleum Tarek el-Molla stated. Molla noted that this comes within the framework of the ongoing development of these petroleum edifices.

Morocco's investment rate is among the highest in the world, representing 30% of the country's GDP, whereas the world average is 20%, announced Mohcine Jazouli, Minister Delegate in charge of Investment, Convergence, and Evaluation of Public Policies.

Algeria's state-owned oil and gas group Sonatrach has announced intentions to invest $40 billion between 2022 and 2026 in oil exploration, production and refining, and gas exploration and extraction, CEO Toufik Hakkar said Monday.

Morocco’s Minister of Energy Transition and Sustainable Development, Leila Benali, announced on December 27 that the government has allocated an investment budget of up to MAD 21 billion ($2.26 billion) to the National Program of Household Waste (PNDM) by the end of 2021.

The China Communications Construction Co (CCCC) is likely to be selected to implement the construction work of Morocco’s first Floating Storage Regasification Unit (FSRU) off the Atlantic coast.

Public investments in the current 2021/2022 fiscal year amount to about LE 933 billion with a growth rate of 46 percent compared with the past year, and a surge of 535 percent compared with the 2014/2015 fiscal year, she added.

Head of the Internal Trade Development Authority, Ibrahim Ashmawy, revealed that 6 investment opportunities were offered during the first quarter of next year, thus bringing the number of covered governorates to about 20.