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Egypt to Build The World's Biggest Solar Farm

With a EUR 2 billion investment and in collaboration with the World Bank.

During the Africa 2017 Forum taking place in Sharm El Sheikh, it was announced that the World Bank is currently collaborating with the Egyptian government to kick-start construction on the world's biggest solar farm in Egypt with a EUR two billion investment, Masrawy reports.

"Egypt is becoming more attractive to foreign investors as a result of the government's successful economic policies," says the World Bank's CEO Kristalina Georgievaadding that Egypt's recently-acquired USD 1 billion World Bank loan signals great growth opportunities for Egyptians, according to Al Sharq Al Awsat. 

The news comes in line with the government's plans to lessen the country's reliance on fuel and gas by supplying 20 percent of the country's energy needs from renewable sources by 2022.

Photo: Agua Caliente Solar Project.

Todays Events
'Tanagra'  @ Art Corner  Zamalek
Date: 12/18/2018
Time: 7:00pm - 10:00pm
Venue: Art Corner Gallery
Tuesday After Work BBQ  @   CJC     610
Date: 12/18/2018
Time: 5:00pm - 9:00pm
Venue: Cairo Jazz Club 610
Alt    Tuesday   @   Cairo Jazz  Club
Date: 12/18/2018
Time: 10:00pm - 3:00am
Venue: Cairo Jazz Club
Arabic Language Clinic @ El Sawy Culturewheel
Date: 12/18/2018
Time: 6:30pm - 8:00pm
Venue: El Sawy Culturewheel
Yoga @     Osana    Family  Wellness
Health & Fitness
Date: 12/18/2018
Time: 6:00am - 9:30pm
Venue: Osana Family Wellness
Hany Rashed @   Gypsum Gallery
Date: 12/18/2018
Time: 11:00am - 8:00pm
Venue: Mashrabia Art Gallery
DJ Bassem Nassef @ Alibi
Date: 12/18/2018
Time: 8:00pm - 11:30pm
Venue: Alibi Bar & Restaurant
Brand Summit @ The Nile Ritz-Carlton
Date: 12/18/2018
Time: 10:30am - 7:00pm
Venue: The Nile Ritz-Carlton