Back to the complete issue
Thursday, 1 March 2018

Orascom inaugurates MATS plant in Alexandria

Orascom Construction (OC) announced it has completed a Multipurpose Applications by Thermodynamic Solar (MATS) plant in Borg El Arab in Alexandria, which we noted yesterday the Electricity Minister had inaugurated on Tuesday. “The MATS plant is comprised of an integrated concentrated solar power (CSP) and water desalination facility with a capacity that can serve a community of 1000 people in a desert area. The plant is the first of its kind in the world that features this level of environmental friendliness, easy management and flexibility of operations.” The project was co-funded by the European Union and led by a consortium of 11 partners. OC participated in the project’s funding and the plant’s construction.

Separately, OC’s fully-owned subsidiary the Weitz Company was honored with the prestigious Build America award from the Associated General Contractors of America, according to a company statement (pdf). The company was recognized for its construction of a student housing development on the Texas A&M University campus through a public-private partnership.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt; Hassan Allam Properties (tax ID:  553-096-567), one of Egypt’s most prominent and leading builders; and Saleh, Barsoum & Abdel Aziz (tax ID: 220-002-827), the leading audit, tax and accounting firm in Egypt.