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Egypt to Build The World's Biggest Solar Farm

With a EUR 2 billion investment and in collaboration with the World Bank.

During the Africa 2017 Forum taking place in Sharm El Sheikh, it was announced that the World Bank is currently collaborating with the Egyptian government to kick-start construction on the world's biggest solar farm in Egypt with a EUR two billion investment, Masrawy reports.

"Egypt is becoming more attractive to foreign investors as a result of the government's successful economic policies," says the World Bank's CEO Kristalina Georgievaadding that Egypt's recently-acquired USD 1 billion World Bank loan signals great growth opportunities for Egyptians, according to Al Sharq Al Awsat. 

The news comes in line with the government's plans to lessen the country's reliance on fuel and gas by supplying 20 percent of the country's energy needs from renewable sources by 2022.

Photo: Agua Caliente Solar Project.

Todays Events
Ghalia Benali @ Cairo Opera House
Date: 5/26/2019
Time: 9:30pm - 11:30pm
Venue: Cairo Opera House
Summer Affordable Art Show @ ArtsMart
Date: 5/26/2019
Time: 12:00pm - 12:0am
Venue: Arts-Mart
Cinema Elforn: A Season in France @ Darb 1718
Date: 5/26/2019
Time: 9:00pm - 11:30pm
Venue: Darb 1718
Time To Practice @ Nun Center
Date: 5/26/2019
Time: 8:00am - 6:00pm
Venue: Nun Center
Lanterns on the Terrace @ Emaar Misr
Date: 5/26/2019
Time: 10:00pm - 3:00am
Venue: Uptown Cairo
Ubuntu Revisited 3 @ Ubuntu Art Gallery
Date: 5/26/2019
Time: 11:00pm - 4:00pm
Venue: Ubuntu Art Gallery
Iftar & Sohour @ Jayda Nile Terrace
Date: 5/26/2019
Time: 6:00pm - 3:00am
Venue: Conrad Cairo
Ramadan Iftar & Sohour @ Ayadina
Date: 5/26/2019
Time: 6:00pm - 3:00am
Venue: Ayadina