Egypt's Arabia eyes power projects regionally| MENAFN.COM

Monday, 27 June 2022 01:41 GMT

Egypt's Arabia eyes power projects regionally


(MENAFN) Egypt's Arabia Investments, Development, and Financial Investment Holding Company seeks competing for power projects in Kuwait, Saudi Arabia, Iraq, and Libya within the upcoming period, said its deputy chairman Hazem Zafzaf as quoted by Amwal El-Ghad on Monday.

Investing in such fields as power, building materials, and automotive as well as oil and gas, Arabia Investments focuses on diversified development, offering infrastructure, construction, and industrial solutions.

Misr for Mechanical and Electrical Projects (Kahromecha), the company in which Arabia
Investments subsidiary of, had taken part in the development of Al Zohr oilfield by establishing oil pipelines.

"We are looking to increase Kahromecha's operations by 50 percent to 800 million pounds by the end of 2018 from 560 million pounds in 2017," Zafzaf further highlighted.

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