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The shift towards solar energy comes in line with government policies to diversify sources of energy, amid an energy crisis Egypt has been facing for years.
Egypt aims to build solar power plants and wind energy facilities within the next three years, with a total capacity of 4,300 megawatts. It is also seeking to generate electricity using nuclear power and has signed an agreement with Russia to assist with building a nuclear facility.
Egypt is weeks away from signing up a major Arabian Gulf-based property developer to spearhead the development of a Dh240 billion capital city the size of New Cairo, a senior minister said yesterday.
The Egyptian government will probably relocate to the new capital, which will be located east of Cairo and take 12 years to build.