Middle East Economic Survey


No 27



Egypt To Launch Wind Farm Bidding Round

Egypt is expected to shortly launch a tender for the development of a 1gw offshore wind farm in the Gulf of Suez, according to an energy ministry statement. Private companies will bid to construct the facility on a build-own-operate (BOO) basis, Minister of Electricity and Energy Hassan Younis said on 27 June. The initiative is a major step for Egypt towards meeting its target of installing 7.2gw...