Latest news with #TahounLegalConsulting
Zawya
26-05-2025
- Business
- Zawya
Tahoun Legal Consulting says Egypt intends to increase green investments to $14.7bln in FY2024/25
Arab Finance: Egypt is seeking to increase investments allocated for green projects to 50% of the total public investments in fiscal year (FY) 2024/2025, with a total estimated value of nearly $14.7 billion, Nermeen Tahoun, Founding Partner of Tahoun Legal Consulting, announced. Tahoun highlighted the government's plans during her participation in the Arab Sustainability Expo, held under the auspices of the Arab League. She added that Egypt plans to increase this percentage to 75% by 2030, per the Environmental Sustainability Standards Guide, across all general budget projects. This mover aligns with Egypt's commitment to driving the transition towards a green economy that anchors its position as a regional hub for clean energy and attracts more international investments. The green investments cover multiple sectors, including renewable energy relying on clean sources, like solar and wind, sustainable transportation, as well as the monorail projects in the New Administrative Capital (NAC) and 6th of October City. Green projects also include water resource management, seawater desalination, irrigation system upgrades, and development of solid waste management systems. Tahoun highlighted that foreign direct investments (FDI) in the green hydrogen sector reached nearly $215.5 billion across 33 projects. She reflected on the Ras Shuqair project, which is valued at $7.7 billion and executed in partnership between the Red Sea Ports Authority, the New and Renewable Energy Authority (NREA), and several companies. This project will have an annual production capacity of one million tons of green ammonia over three phases starting in 2029. Meanwhile, the private sector investments in renewable energy projects stand at around $4.4 billion, with plans to attract $12 billion in Indian investments in green hydrogen and renewable energy projects. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
05-05-2025
- Business
- Zawya
Egypt's public-private partnership investments hit $390mln in FY 2023/2024
Egypt - Nermeen Tahoun, economic expert and founding partner of Tahoun Legal Consulting, underscored the growing importance of public-private partnership (PPP) contracts as a critical tool for financing infrastructure and public service projects. Tahoun emphasized that while a robust legal and institutional framework is essential for the success of PPPs, it is not sufficient on its own. She called for the establishment of a dedicated PPP unit to provide effective oversight and coordination, alongside strong backing from key government entities—particularly the Ministry of Finance and relevant procurement authorities. She noted that Egypt secured EGP 19.8bn in partnership investments during the fiscal year (FY) 2023/2024. These investments spanned various sectors including dry ports, electricity distribution networks, vocational education, and strategic commodity storage. Government statements indicate that six new PPP projects, with a combined value exceeding EGP 27bn, are scheduled to launch in FY 2024/2025. On a regional level, Tahoun pointed out that PPP investments in the Middle East and North Africa (MENA) region more than doubled, rising from $1.4bn in 2022 to $2.9bn in 2023. Energy projects led the way, comprising around 62% of total PPP initiatives in 2024, with Egypt, Saudi Arabia, and the UAE emerging as key contributors. 'Several Arab countries have made significant progress in executing PPP projects in essential sectors such as energy, transport, healthcare, and education,' Tahoun said. 'Nonetheless, numerous challenges persist—particularly legal and regulatory hurdles, weak institutional capacity, and misaligned incentives between the public and private sectors. These issues continue to impede the effective implementation and scalability of PPP models across the region.'
Daily News Egypt
03-05-2025
- Business
- Daily News Egypt
Egypt's public-private partnership investments hit EGP 19.8bn in FY 2023/2024: Tahoun Consulting
Nermeen Tahoun, economic expert and founding partner of Tahoun Legal Consulting, underscored the growing importance of public-private partnership (PPP) contracts as a critical tool for financing infrastructure and public service projects. Tahoun emphasized that while a robust legal and institutional framework is essential for the success of PPPs, it is not sufficient on its own. She called for the establishment of a dedicated PPP unit to provide effective oversight and coordination, alongside strong backing from key government entities—particularly the Ministry of Finance and relevant procurement authorities. She noted that Egypt secured EGP 19.8bn in partnership investments during the fiscal year (FY) 2023/2024. These investments spanned various sectors including dry ports, electricity distribution networks, vocational education, and strategic commodity storage. Government statements indicate that six new PPP projects, with a combined value exceeding EGP 27bn, are scheduled to launch in FY 2024/2025. On a regional level, Tahoun pointed out that PPP investments in the Middle East and North Africa (MENA) region more than doubled, rising from $1.4bn in 2022 to $2.9bn in 2023. Energy projects led the way, comprising around 62% of total PPP initiatives in 2024, with Egypt, Saudi Arabia, and the UAE emerging as key contributors. 'Several Arab countries have made significant progress in executing PPP projects in essential sectors such as energy, transport, healthcare, and education,' Tahoun said. 'Nonetheless, numerous challenges persist—particularly legal and regulatory hurdles, weak institutional capacity, and misaligned incentives between the public and private sectors. These issues continue to impede the effective implementation and scalability of PPP models across the region.'
