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Ministry of Electricity signs $4.5B deal with Al-Nowais Investments Group

  • December 21, 2016

CAIRO: Egypt and Abu Dhabi-based Al-Nowais Investments Group signed an energy deal worth $4.5 billion Sunday to construct Egypt’s first coal-fired power plant in the Suez area, Youm7 reported.
The agreement was inked on the sidelines of the Egypt Economic Development Conference that kicked off Friday and scheduled to close Sunday.

“The

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