RIYADH: Rail projects across the region amount to a significant number with Egypt in the lead with the state’s high-speed rail program. Oman’s Madayn is handling 30 infrastructure-related projects accumulating to a major amount. In addition, France’s Total Energies has signed a preliminary agreement to establish a major solar power plant in Libya to boost green installed capacity in the country. On another note, Sharjah Electricity, Water, & Gas Authority has invited firms to express interest in an independent water project. Meanwhile, Oman’s Ministry of Housing and Urban Planning has signed 23 development agreements.
· Rail projects across the Middle East and North Africa region at the execution stage amount to $53 billion in value, according to MEED Projects. Egypt is leading the biggest number of rail projects at the execution stage worth $25 billion. The most significant rail projects in the North African country today are the three phases of the National Authority for Tunnels’ high-speed rail program.
· Oman’s Public Establishment for Industrial Estates, also referred to as Madayn, has revealed that it is currently handling a total of 30 consultancy works and infrastructure projects amounting to $518 million, Trade Arabia reported. Dispersed across 11 industrial cities in the sultanate, the projects are being controlled directly or through Madayn’s investment arm, Mubadarah and Shumookh Investment and Services.
· French multinational oil and gas company Total Energies has signed an agreement with General Electric Co. of Libya and the Renewable Energy Authority of Libya to develop a 500 MW solar power plant in the country, MEED reported. To be located in Al-Sadada region, the facility is projected to generate as much as 152 terawatt-hours of renewable energy per year upon completion. The plant is one of many planned solar and wind power plants aiming to bolster the African country’s green installed capacity.
· Sharjah Electricity, Water, & Gas Authority has invited firms to bid for a contract to establish a sweater reverse osmosis plant, MEED reported. Also referred to as the Hamriyah independent water project, the planned facility is projected to have a potential capacity amounting to 90 million imperial gallons per day.
· Oman’s Ministry of Housing and Urban Planning has announced that it has signed a total of 23 development agreements with private sector firms, amounting to $95.8 million in value. The agreements cover several sectors including business, sports, education, agriculture, and health, among others, Trade Arabia reported, citing Oman News Agency.
