The Briefing

Weekly business & investment updates curated for you.

Erbil Rotana

Oman to award 14 projects in Duqm — Twenty three construction projects are underway in Duqm and 14 construction projects are in the tendering stage, said an official at the Special Economic Zone Authority of Duqm (Sezad), who put the value of the ongoing projects at around OMR200 million.

SSO to invest more than $600m in Egypt’s solar energy programme — Egypt decided to diversify its energy mix and invited foreign solar energy developers to construct 2.3 GW utility scale solar plants in the next two years to meet the rising demand of electricity, to promote economic growth, provide clean energy, and create more jobs opportunities.

ONGC Videsh to double Africa investments in 3 years — ONGC Videsh has invested around $8 billion in Africa so far. The company aims to double this investment over the next 3-4 years.

Chinese firm unveils plan to develop Mexican industrial park — If the project in Jalisco proceeds, it would help mend economic fences between Mexico and China after they were damaged last year when President Enrique Pena Nieto abruptly canceled a $3.75 billion Chinese-led project in Mexico.

Vietnam’s TH Food Chain to build $2.7b dairy farm in Russia — Vietnam-based private dairy company TH Food Chain JSC, which enjoys a 50 per cent share in the local fresh milk market segment, will invest $2.7 billion to build a farm in Russia, through a memorandum recently sealed with the Moscow oblast (state or province).

Nigeria Risks Investment With Brazen $5.2 Billion MTN Fine — A decision by Nigerian authorities to impose a fine on MTN Group Ltd. of more than 20 percent of its market value risks foreign investment in an economy struggling to cope with sliding oil prices, currency restrictions and no finance minister.

Everything you need to know about India’s trade with Africa, in six charts — Indo-African trade is growing but still lags behind other big players.

The Briefing

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