Egypt Prequalifies 17 Consortia for its Water Desalination Program

Sudanese and people from other nationalities cross the river Nile in a ferry, after being evacuated from Khartoum to Abu Simbel city, at the upper reaches of the Nile in Aswan, Egypt, April 30, 2023. (Reuters)
Sudanese and people from other nationalities cross the river Nile in a ferry, after being evacuated from Khartoum to Abu Simbel city, at the upper reaches of the Nile in Aswan, Egypt, April 30, 2023. (Reuters)
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Egypt Prequalifies 17 Consortia for its Water Desalination Program

Sudanese and people from other nationalities cross the river Nile in a ferry, after being evacuated from Khartoum to Abu Simbel city, at the upper reaches of the Nile in Aswan, Egypt, April 30, 2023. (Reuters)
Sudanese and people from other nationalities cross the river Nile in a ferry, after being evacuated from Khartoum to Abu Simbel city, at the upper reaches of the Nile in Aswan, Egypt, April 30, 2023. (Reuters)

Egypt has prequalified 17 consortia for the tendering process for the development of a number of sea water desalination plants, according to a statement released by Sovereign Fund of Egypt on Monday.

The desalination plants will be powered by renewable energy sources in various locations across Egypt under the first phase of the country's water desalination program, the statement added.

Egypt has been pushing to diversify its sources of fresh water for a fast-growing population as it faces competition for Nile River water from the giant hydropower dam that Ethiopia is building upstream.

The program involves launching projects with a total capacity of 8.85 million cubic meters a day by 2050, of which a 3.35 million cubic meter first phase is planned by 2025.

The foreign and local investors will develop, construct and operate the plants and transfer technology to manufacture components locally.

The European Bank for Reconstruction and Development and the International Finance Corporation will help structure and implement the first batch of desalination projects in partnership with the private sector, the Sovereign Fund said.

The prequalified consortia will be classified into four categories based on previous experience in desalination projects, the statement said.



China’s Car Sales Rise in May, but Price Wars Cloud Outlook

 Amukelani Masungi, a worker, cleans the floor next to BYD vehicles on display at a BYD dealership in Sandton, South Africa, June 5, 2025. (Reuters)
Amukelani Masungi, a worker, cleans the floor next to BYD vehicles on display at a BYD dealership in Sandton, South Africa, June 5, 2025. (Reuters)
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China’s Car Sales Rise in May, but Price Wars Cloud Outlook

 Amukelani Masungi, a worker, cleans the floor next to BYD vehicles on display at a BYD dealership in Sandton, South Africa, June 5, 2025. (Reuters)
Amukelani Masungi, a worker, cleans the floor next to BYD vehicles on display at a BYD dealership in Sandton, South Africa, June 5, 2025. (Reuters)

China's car sales rose for a fourth consecutive month in May, but slower increases across major automakers highlighted concerns over aggressive price competition in the world’s largest auto market.

Sales grew 13.9% from a year earlier to 1.96 million vehicles last month, slowing from 14.8% growth in April, China Passenger Car Association (CPCA) data showed on Monday.

Sales of electric vehicles and hybrids rose 28.2% year on year, down from a 33.9% gain in April.

Leading EV maker BYD reported decelerating annual passenger vehicle sales growth to 14.1% last month from April's 19.4% despite a new round of subsidies and incentives late in the month.

Other major automakers, including Geely and Chery, also reported slower growth as the industry’s attention shifted to price wars that have raised concern over a potential market shakeout.

Authorities have warned that such price wars threaten the industry's long-term health, with the sentiments echoed by leading manufacturers such as BYD, Chery and Xiaomi.

The CPCA's secretary-general, Cui Dongshu, said the industry should focus on quality and technology innovation and that leading automakers should lower their sales targets for this year.

CPCA data also showed that car exports rebounded, rising 13.5% year on year in May, reversing a 2% decline in April.