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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)
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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.

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UN Predicts World Economic Growth to Remain at 2.8% in 2025

A vegetable vendor sits beside a bonfire on his handcart on a cold winter evening in New Delhi on January 6, 2025. (Photo by Sajjad HUSSAIN / AFP)
A vegetable vendor sits beside a bonfire on his handcart on a cold winter evening in New Delhi on January 6, 2025. (Photo by Sajjad HUSSAIN / AFP)
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UN Predicts World Economic Growth to Remain at 2.8% in 2025

A vegetable vendor sits beside a bonfire on his handcart on a cold winter evening in New Delhi on January 6, 2025. (Photo by Sajjad HUSSAIN / AFP)
A vegetable vendor sits beside a bonfire on his handcart on a cold winter evening in New Delhi on January 6, 2025. (Photo by Sajjad HUSSAIN / AFP)

Global economic growth is projected to remain at 2.8% in 2025, unchanged from 2024, held back by the top two economies, the US and China, according to a United Nations report released on Thursday.

The World Economic Situation and Prospects report said that "positive but somewhat slower growth forecasts for China and the United States" will be complemented by modest recoveries in the European Union, Japan, and Britain and robust performance in some large developing economies, notably India and Indonesia.

"Despite continued expansion, the global economy is projected to grow at a slower pace than the 2010–2019 (pre-pandemic) average of 3.2%," according to the report by the UN Department of Economic and Social Affairs.

"This subdued performance reflects ongoing structural challenges such as weak investment, slow productivity growth, high debt levels, and demographic pressures," Reuters quoted it as saying.

The report said US growth was expected to moderate from 2.8% last year to 1.9% in 2025 as the labor market softens and consumer spending slows.

It said growth in China was estimated at 4.9% for 2024 and projected to be 4.8% this year with public sector investments and a strong export performance partly offset by subdued consumption growth and lingering property sector weakness.
Europe was expected to recover modestly with growth increasing from 0.9% in 2024 to 1.3% in 2025, "supported by easing inflation and resilient labor markets," the report said.

South Asia is expected to remain the world’s fastest-growing region, with regional GDP projected to expand by 5.7% in 2025 and 6% in 2026, supported by a strong performance by India and economic recoveries in Bhutan, Nepal, Pakistan and Sri Lanka, the report said.

India, the largest economy in South Asia, is forecast to grow by 6.6% in 2025 and 6.8% in 2026, driven by robust private consumption and investment.
The report said major central banks are likely to further reduce interest rates in 2025 as inflationary pressures ease. Global inflation is projected to decline from 4% in 2024 to 3.4% in 2025, offering some relief to households and businesses.
It calls for bold multilateral action to tackle interconnected crises, including debt, inequality, and climate change.
"Monetary easing alone will not be sufficient to reinvigorate global growth or address widening disparities," the report added.