Back to the complete issue
Sunday, 19 September 2021

TAQA Power snags luxury real estate project in Pakistan

Qalaa holdings subsidiary TAQA Arabia’s power arm — TAQA Power — will provide energy solutions to luxury real estate project Eighteen in Islamabad, Pakistan, according to a press release (pdf). The long-term agreement entails designing and building a distribution network, in addition to a power source that includes both backup generation and solar plant. The real estate development is a joint venture between Egypt’s Ora Developers, Saif Group and Kohistan builders.

Other things we’re keeping an eye on this morning:

  • Transport Minister Kamel El Wazir discussed railway sector cooperation with Deutsche Bahn representatives, including possible investments in the operation and management of railway systems and the establishment of a tourist transport and sleeping trains company.
  • The French Agency for Development (AFD) is providing Abu Qir Fertilizers with EUR 15 mn for a new urea production plant.

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; Etisalat Misr (tax ID: 235-071-579), the leading telecoms provider in Egypt; and Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt.