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Parched Egypt Seeks Partners for $2.5 Billion Desalination Plan

  • Renewables-powered plants aim to address water scarcity
  • Wealth fund wants to team up with local, foreign investors
Solar panels at the Infinity 50 Solar Park near Aswan, southern Egypt.

Solar panels at the Infinity 50 Solar Park near Aswan, southern Egypt.

Photographer: Oliver Weiken/picture alliance via Getty Images

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Egypt is seeking partners to invest in a $2.5 billion initiative to build more than a dozen renewable energy-powered desalination plants by 2025, as the country tries to tackle looming water scarcity.