On the horizon
President Abdel Fattah El Sisi will be sworn in for his second presidential term on Saturday, 2 June, at the House of Representatives, Al Masry Al Youm reports. The ceremony will begin at 10:30am CLT.
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Upcoming milestones to watch on our march toward becoming a regional energy hub:
- Egypt could sign the contracts its USD 60-70 mn grid connection project with Sudan just about any time now. Eight local and global players have been invited to participate in the prospective tender to develop the project;
- Talks with Cyprus and Greece on a USD 4 bn interconnection project will kickstart within the coming month when a Cypriot delegation visits;
- Contracts for an interconnection with Saudi Arabia could be signed by the end of June, sources say.