Thndr Claps » EGY Claps » Economy 🏙 » Gulf funds could participate in Egypt’s water desalination efforts🚰
The ClapThe Egyptian government is in advanced talks with the Saudi, Qatari, & Abu Dhabi sovereign wealth funds as they eye investments in the government’s water desalination plans.
WhatEgypt announced efforts to significantly increase production capacity for drinkable water earlier this year.
So whatEgypt has been in a water crisis for a few months now, at least according to the United Nations’ standards.
Now whatAgreements with the three Gulf funds are expected to close in H1-2023, with Egypt’s sovereign fund holding no more than a 10%-25% stake in the projects.
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