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China-Africa Trade Information Service
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.
Housing Principal Secretary Charles Hinga expressed concern over the high demand for housing in urban centres. “Of the supply of 50,000 units, 49,000 units are for the upper-middle and high-end market while only 1,000 units are available to the lower segment of the housing market...
The High Court has ordered the Ministry of Energy and the sector regulator, Energy and Petroleum Regulatory Authority (Epra), to include a 300 megawatt (MW) wind power plant to its list of approved electricity projects.
Danone Egypt remains true to its mission striving to meet the customers’ daily needs by delivering healthy and responsibly produced food and drinks and to maintain its strong position in the market as the leading essential dairy products manufacturer.
In a statement quoted in the report, TMZ stressed that the first phase of 30 ha will be delivered in April 2022 with IKEA company occupying an area of more than 3ha with 19,000m² covered. The construction of IKEA area has already started and is scheduled to open in summer 2022.