Font Size
Share this article

Print Friendly Version
19 January 2020

Dubai-based Alcazar plans to sell its Egypt, Jordan assets

The offer is likely to draw interest from private equity firms and energy companies focused on the region.

The UAE plans to double its renewable energy capacity by 2030/Bloomberg

by Bloomberg

Mubadala Investment Company-backed Alcazar Energy is preparing to sell some of its solar and wind assets in Egypt and Jordan.

The renewable-energy developer is in talks with banks on the sale, which may fetch at least $500 million.

While the Middle East is home to the world’s biggest oil exporters, governments are pushing for alternate energy solutions amid growing consumption, which is opening up opportunities for renewable-energy developers.

The UAE plans to double its renewable energy capacity by 2030, while Saudi Arabia seeks to invest as much as $50 billion in the sector over the next six years.

RELATED STORIES: UAE renewable-energy Alcazar Saudi Arabia




CPI Financial was established in Dubai in 1999 to meet the needs of an ever-expanding financial community, offering a comprehensive portfolio of market-leading products and services tailor-made for the banking and financial services sectors.

Subscribe to our News Letter


© 2019 CPI Financial. All rights reserved.

No part of this website may be reproduced or used in any form of advertising without prior permission in writing from the editor.