Egypt to finalize Gabal El-Zeit wind farm deal in October

Egypt has reached a preliminary agreement with a foreign investor to sell the wind farm in Gabal El-Zeit, according to Minister of Planning Hala Al Said recent statements.

Egypt received 5 offers for the wind farm in Gabal El-Zeit and the government gave the international investor two months to finalize his approval, according to Al Said.

Egypt also expects to sell wind power plants in Jebel El-Zeit for $300 million in October and expects to complete the exit deal from Wataniya during the same period of time. The planning minister that the deal is expected to be completed next October or November, according to Ashraq Bloomberg.