Intelligent CIO Middle East Issue 25 | Page 22

PROJECT UPDATE LATEST REGIONAL PROJECT UPDATE EGYPT EGYPT ENGIE has won a renewable energy project in Egypt to develop a 250 MW wind power park. The company signed a contract to build, own and operate the wind farm together with its consortium partners Toyota Tsusho Corporation, Eurus Energy Holdings Corporation and Orascom Construction Limited. The wind farm will be located in Rhas Gharib on the Gulf of Suez. KSA Orange Business Services is working with a number of major projects in Saudi Arabia, such as the King Abdullah Financial District (KAFD). It is working with the Al Ra’idah Investment Company to develop the KAFD, the largest of four smart cities the country is building with an investment of $70 billion. Located north of Riyadah, KAFD will offer a futuristic smart city experience. KSA 22 INTELLIGENTCIO www.intelligentcio.com