Back to the complete issue
Wednesday, 30 December 2020

Infrastructure YiR Recap

As 2020 draws to a close, we’re running a recap of our Hardhat Year in Review issues.

In part 1, we look at how covid-driven supply-chain disruptions and price volatility impacted energy, construction and shipping — and how they bounced back.

Part 2 looks at how infrastructure development had to adapt to the turbulence this year through digitization and diversification — from the rise of digital services and payments to the development of the smart grid, the government’s plan to transition to natgas cars, and the emergence of green bonds as the testing ground for our debt diversification strategy.

Your top infrastructure stories for the week:

  • Enara Energy has signed an agreement with Chinese PV solar panel maker Chint Electric to develop a sand-to-cell PV panel factory in Egypt. The project looks likely to be a revival of the Armed Forces’ USD 2 bn integrated solar panel factory, for which talks broke down over two years ago.
  • The government plans to generate 300 MW of electricity from waste-to-energy (WtE) projects by 2025, with tenders for WtE plants to be issued to the private sector by the electricity and environment ministries under a Build-Own-Operate framework.
  • The Oil Ministry intends to bring Egypt’s total number of natgas filling stations to 550 by 2021, as part of its push for car owners to switch to natgas and dual fuel engines.
  • The Transport Ministry is in talks with the World Bank for two loans worth a combined USD 400 mn for a planned railway upgrade project. One USD 200 mn package would finance the transition to an electric railway signaling system in the Giza-Beni Sueif line, and the other another would finance upgrades to the railway tracks and control system for the line.
  • The Suez Canal is extending through 1 June 2021 its incentive scheme that sees LNG carriers traveling between the US and SouthEast Asia receiving 30-75% off their transit fees. This follows an earlier announcement that transit fees for large oil tankers traveling between northern Europe and southeast Asia will be slashed by 48%.

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.