Major Infrastructure Projects

Libya has allocated USD 1.23 billion to develop the Hamada NC-7 concession in its latest budget, which was approved by Libya’s eastern-based parliament last month, according to a recent MEED report.

UK legal firm Ashurst Senior Associates Jason Gouveia and Joanne McGuire discuss why concerns about whom ultimately bears the payment risk in a PPP arrangement becomes highly relevant in gigaprojects.

According to Taqa CEO Omar Al Hashmi, the global demand for renewable energy is increasing. However, the windiest and sunniest parts of the world are not where the need for energy is highest. This is where transmission plays a big role, linking energy generation to energy use as a product of global interconnection, and diversifying production from renewable sources to create a steadier supply of clean power. 

Morocco has opened a pre-qualification round in a tender for the construction and operation of a 400-MW wind farm complex in the northern part of the North African Kingdom today.

TotalEnergies CEO Patrick Pouyanné met with His Majesty Sultan Haitham bin Tariq Al Said and Minister of Energy HE Eng. Salim bin Nasser Al Aufi to reaffirm the long-term partnership between TotalEnergies and the Sultanate of Oman as well as launch the Marsa LNG Project during a meeting in Muscat this week.

The agreement between Egypt and consortium ADQ is the largest FDI in Egypt's history, with USD 35 billion allocated for infrastructure development in Cairo.

Hungary signs an economic cooperation agreement with the UAE aimed at stimulating trade and investment flows between the two countries in Budapest this month.

US-UAE Business Council Chairman Danny Seabright says the volume of non-oil trade between the UAE and the United States of America rose to USD 31.4 billion in 2023 and is expected to continue to grow at the same pace in 2024.