Egypt, UAE firm sign 10-bln-USD deal to build wind power plant

**This is a 60-seconds sample of the video. For the full version, please contact us.**

Egypt, UAE firm sign 10-bln-USD deal to build wind power plant

STORY: Egypt, UAE firm sign 10-bln-USD deal to build wind power plant DATELINE: June 7, 2023 LENGTH: 00:01:19 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of the signing ceremony and the press conference STORYLINE: An agreement to build a wind power plant in Upper Egypt's Sohag province was signed on Tuesday between Egypt's Ministry of Electricity and Masdar, a renewable energy developer based in the United Arab Emirates (UAE). Under the deal, which is worth over 10 billion U.S. dollars, the wind power plant is planned to have a production capacity of 10 gigawatts, said the Egyptian cabinet in a statement. Mohamed Shaker, Egypt's minister of electricity and renewable energy, said at the signing ceremony that "the project demonstrates the ability of the renewable energy sector in Egypt to attract foreign direct investment." For his part, Sultan Al Jaber, the UAE minister of industry and advanced technology, described the wind power plant as a strategic project and one of the largest pr

  • Product Code
  • ILEA001404766
  • Registered date
  • 2023/6/07 00:00:00
  • Credit
  • Xinhua / Kyodo News Images
  • Media source
  • Xinhua News Agency.All Rights Reserved
  • Media size
  • 1920 × 1080 pixel
  • Deployment size
  • 79.98(MB)*
  • Special instruction

*File size when opened in Photoshop, etc.

Similar Images & Videos

    Egypt's net foreign reserves rise in March

    STORY: Egypt's net foreign reserves rise in March SHOOTING TIME: File footage DATELINE: April 4, 2024 LENGTH: 00:01:06 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of the River Nile in Cairo 2. various of the Central Bank of Egypt 3. various of an accountant counting banknotes 4. various of banks in Cairo STORYLINE: Egypt's net foreign reserves rose to 40.361 billion U.S. dollars in March from 35.311 billion U.S. dollars in February, the central bank said on Wednesday. Egypt's net international reserves surged to their highest level in about two years following a lucrative investment deal with the United Arab Emirates. In February, Egyptian and Emirati investors signed a historic deal to build a multi-billion new state-of-the-art city of Ras El Hekma as a new massive urban, business and tourism center in the country's North Coast. Xinhua News Agency correspondents reporting from Cairo. (XHTV)

      Chinese ductile iron pipes firm to establish new factory in Egypt

      STORY: Chinese ductile iron pipes firm to establish new factory in Egypt SHOOTING TIME: March 27, 2024 DATELINE: March 30, 2024 LENGTH: 00:00:32 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of signing ceremony (Courtesy of the Egyptian Cabinet) STORYLINE: China's Xinxing Ductile Iron Pipes Co., Ltd. has signed a land lease contract with Egypt-TEDA SEZone Development Company to build a new factory in the China-Egypt TEDA Suez Economic and Trade Cooperation Zone. The signing ceremony held on Wednesday was attended by Egyptian Prime Minister Mostafa Madbouly, Suez Canal Economic Zone Chairman Waleid Gamaleldien, and other senior Egyptian officials. The project is planned to cover an area of about 270,000 square meters and produce 250,000 tons of ductile iron pipes per year, said Ma Ye, head of the Egypt project of Xinxing Ductile Iron Pipes Co., Ltd. With an investment of approximately 145 million U.S. dollars, the project is expected to generate nearly 200 million dollars in foreign exc

        Egyptian, UAE leaders discuss enhancing cooperation

        STORY: Egyptian, UAE leaders discuss enhancing cooperation SHOOTING TIME: March 23, 2024 DATELINE: March 24, 2024 LENGTH: 00:01:56 LOCATION: Cairo CATEGORY: POLITICS SHOTLIST: 1. various of the meeting (courtesy of the Egyptian Presidency) STORYLINE: Egyptian President Abdel-Fattah al-Sisi and President of the United Arab Emirates (UAE) Sheikh Mohamed bin Zayed Al Nahyan discussed on Saturday ways to enhance cooperation between the two countries. During a meeting in the Egyptian capital Cairo, both leaders also explored the promising opportunities to broaden cooperation horizons, the Egyptian presidency said in a statement. Sisi and the visiting UAE president discussed means to strengthen the "deep partnership" between the two countries in economic, investment, development, and political fields. The two leaders reviewed regional issues of common interest, especially the intensified efforts to reach a ceasefire in the Gaza Strip and the implementation of humanitarian aid in quantities sufficient

          EU provides Egypt with 7.4-bln-euro financial package: president

          STORY: EU provides Egypt with 7.4-bln-euro financial package: president SHOOTING TIME: March 17, 2024 DATELINE: March 18, 2024 LENGTH: 00:00:48 LOCATION: Cairo CATEGORY: POLITICS/ECONOMY SHOTLIST: 1. various of Egyptian President Abdel-Fattah al-Sisi meeting with European leaders (Courtesy of the Egyptian Presidency) 2. various of the signing ceremony (Courtesy of the Egyptian Presidency) STORYLINE: The European Union (EU) agreed on Sunday to provide a financial package of approximately 7.4 billion euros (8.06 billion U.S. dollars) to bolster the Egyptian economy, Egyptian President Abdel-Fattah al-Sisi said. Sisi made the remarks during a press conference jointly held with visiting European Commission President Ursula von der Leyen and other senior officials from the bloc, during which he announced that Egypt and the EU signed a joint political declaration to "embark on a collaborative path" toward upgrading their bilateral relations to the "strategic and comprehensive partnership level." The financi

            Egyptian president says large USD flows enable government to liberalize exchange rate

            STORY: Egyptian president says large USD flows enable government to liberalize exchange rate SHOOTING TIME: March 9, 2024 DATELINE: March 10, 2024 LENGTH: 00:01:39 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of the televised educational seminar (Courtesy of the Egyptian Presidency) STORYLINE: Egyptian President Abdel-Fattah al-Sisi said on Saturday that the government's decision to liberalize the exchange rate came after securing a large amount of U.S. dollars. There are large cash flows that will support the currency exchange market in Egypt, Sisi said during a televised educational seminar. He noted that around 45-50 billion dollars in new financing have been injected through the multibillion-dollar Ras Al-Hekma development investment deal with the United Arab Emirates, an eight-billion-dollar loan agreement with the International Monetary Fund and agreements with the European Union. "Things have begun to improve," Sisi said, adding that the cash available in Egypt enabled the gove

              Egypt signs agreement with IMF to increase loan from 3 to 8 bln USD

              STORY: Egypt signs agreement with IMF to increase loan from 3 to 8 bln USD SHOOTING TIME: March 6, 2024 DATELINE: March 7, 2024 LENGTH: 00:00:38 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of the press conference (Courtesy of the Egyptian Cabinet) STORYLINE: Egypt signed a financing agreement on Wednesday with the International Monetary Fund (IMF) to increase an initial 3 billion U.S. dollars loan deal to 8 billion dollars, Egyptian Prime Minister Mostafa Madbouly announced at a press conference. As part of the agreement, Egypt will also receive a loan of about 1.2 billion U.S. dollars from a separate facility that promotes environmental sustainability, Madbouly said. Besides the IMF, the prime minister added that other "international partners," including the World Bank, will also provide Egypt with soft loans to support the state in achieving monetary stability through an integrated program. "Our goal during the first period of Egypt's reform program following the IMF agreement is to rationa

                Egyptian president, Armenian PM meet on trade, cooperation

                STORY: Egyptian president, Armenian PM meet on trade, cooperation SHOOTING TIME: March 5, 2024 DATELINE: March 6, 2024 LENGTH: 00:00:51 LOCATION: Cairo CATEGORY: POLITICS SHOTLIST: 1. various of the Presidential Palace 2. various of the meeting (courtesy of the Presidency) STORYLINE: Egyptian President Abdel-Fattah al-Sisi met on Tuesday with Armenian Prime Minister Nikol Pashinyan, who is on an official visit to Cairo, to discuss trade and cooperation in various sectors. The two leaders held talks on boosting bilateral trade and expanding cooperation in areas such as information technology, artificial intelligence, food and pharmaceuticals, Sisi's office said in a statement. Sisi also said Egypt was ready to share its experience in infrastructure, construction, transportation and energy with Armenia, the statement added. The meeting was followed by a signing ceremony of several memorandums of understanding on environmental protection, economic cooperation and agricultural cooperation for 2024-

                  Egypt receives 15 bln USD from UAE investment for Mediterranean coast project

                  STORY: Egypt receives 15 bln USD from UAE investment for Mediterranean coast project SHOOTING DATE: March 1, 2024 DATELINE: March 2, 2024 LENGTH: 00:00:57 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of a cabinet meeting 2. various of the central bank 3. various of counting banknotes STORYLINE: The Egyptian government announced that it had received five billion U.S. dollars on Friday from the United Arab Emirates (UAE) as part of the latter's multibillion-dollar investment to develop a new city on Egypt's northern coast. According to a statement released by the cabinet, an amount of five billion dollars was received on Thursday as part of the same deal. Additionally, the central banks of both countries have completed the coordination required for transferring a five billion dollar deposit from the UAE to Egypt. "With the receipt of a total of 15 billion U.S. dollars, the first tranche of the 35-billion U.S. dollar investment from UAE has been received," the statement added, adding the rem

                    Egypt signs renewable energy agreements worth 40 bln USD

                    STORY: Egypt signs renewable energy agreements worth 40 bln USD SHOOTING TIME: Feb. 28, 2024 DATELINE: Feb. 29, 2024 LENGTH: 00:01:28 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of the signing ceremony (courtesy of the Egyptian cabinet) STORYLINE: Egypt signed on Wednesday seven cooperation agreements with international developers in the fields of green hydrogen and renewable energy in the Suez Canal Economic Zone. The total investments for these projects are expected to exceed 40 billion U.S. dollars over a span of 10 years, the Egyptian cabinet said in a statement. Egyptian Minister of Planning and Economic Development Hala Al-Saeed said that the pilot phase of the agreements involves investments of approximately 12 billion dollars, followed by an additional 29 billion dollars for the first phase. The Egyptian government has been working to transform the country into a regional center for the production and export of green energy. Xinhua News Agency correspondents reporting from Cairo. (XH

                      Egypt, UAE sign deal to develop new city on Egypt's northern coast

                      STORY: Egypt, UAE sign deal to develop new city on Egypt's northern coast SHOOTING TIME: Feb. 23, 2024 DATELINE: Feb. 24, 2024 LENGTH: 00:02:59 LOCATION: Cairo CATEGORY: POLITICS SHOTLIST: 1. various of the signing ceremony 2. various of Egyptian Prime Minister Mostafa Madbouly speaking 3. various of the signing ceremony STORYLINE: Egypt and the United Arab Emirates (UAE) signed a deal on Friday to build a new city on Egypt's northern coast, with the aim of boosting tourism, investment and foreign currency reserves. The agreement, signed by Egypt's Housing Minister Assem El-Gazzar and UAE's Investment Minister Mohamed Al Suwaidi at Egypt's New Administrative Capital, will develop Ras Al-Hekma, a 170-square-kilometer area west of Alexandria. Egyptian Prime Minister Mostafa Madbouly, who attended the signing, said the project would be carried out by Egypt's New Urban Communities Authority and Abu Dhabi Development Holding Company, and would inject 35 billion U.S. dollars of foreign direct investment into t