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Metito, Scatec in Talks on $1.5 Billion Egypt Desalination Plant

  • Renewables-powered plant part of bid to tackle water scarcity
  • Three-firm group looking to partner with sovereign wealth fund
The Al Mahsama desalination plant.
The Al Mahsama desalination plant.

Source: Metito Holdings Ltd.

The UAE’s Metito Holdings Ltd., Scatec ASA and Orascom Construction are in talks with Egypt on a $1.5 billion renewables-powered desalination plant, as the most populous Arab nation moves to address looming water shortages.

The three-company consortium is in discussions with Egypt’s sovereign wealth fund to partner on the project that would follow a build, own, operate and transfer system, according to Metito’s managing director for Africa, Karim Madwar.