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88-year-old African company and top Chinese hydropower construction firm sign a joint $2.2 billion deal for an energy project in Saudi Arabia

4 hours ago  - 

88-year-old African company and top Chinese hydropower construction firm sign a joint $2.2 billion deal for an energy project in Saudi Arabia

An Egyptian-founded energy company with a growing footprint across Africa is taking its infrastructure expertise to Saudi Arabia, after Elsewedy Electric and China’s Sinohydro signed a $2.2 billion contract to expand the Rabigh 2 Independent Power Plant.

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