Benban Solar Park Attracts over $2 B Investments

Benban Solar Park Attracts over $2 B Investments

Benban solar park, which is set to be the biggest in the world, attracted over $2 billion investments, said World Bank (WB) President, David Malpass, during his visit to Benban solar park in Aswan on May 5, according to Al Borsa Newspaper.

This reflects the reforms in the energy sector taken to open the door for stronger investments from the private sector, Malpass noted.

Malpass was accompanied by Minister of Investments and International Cooperation, Sahar Nasr, who stated that the project comes in line with the unprecedented measures taken by the government and the Ministry of Electricity to create modern legislative structure that attracts foreign investments and maximizes opportunities in the Egyptian economy.

Reforms as such can be applied to develop other sectors like transportation, agriculture, water and sewage, Malpass pointed out.


Sarah Samir 3297 Posts

Sarah has been writing in the oil and gas field for 8 years. She has a Bachelor Degree in English Literature. She has three years of experience in the banking sector.


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