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Asharq Al-Awsat
Asharq Al-Awsat
Business
Sharm el-Sheikh - Lamia Nabil

ACWA Power, Oman Investment Authority Study Possibility of Wind Power Plant Project in Egypt

ACWA Power Oman wind power Egypt Abdulaziz bin Salman Suez OIA Saudi Arabia Hydrogen
Signing the memorandum of understanding between the Oman Investment Authority and the Saudi ACWA Power company to study the possibility of investment in the Suez wind power plant project (Oman News Agency)

Saudi Arabia and Oman signed on Tuesday a memorandum of understanding to study the possibility of investing up to 10 percent in the development, construction, and operation of the 1.1 GW Suez wind power plant project, which is valued at $1.5 billion.

Oman News Agency reported that Oman Investment Authority (OIA) signed an MoU with Saudi Arabia's Acwa Power to study the possibility of investing up to 10 percent in the Suez wind power plant project in Egypt.

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