Investment
Mubadala-backed Alcazar Weighs Sale of Egypt, Jordan Assets

(Bloomberg) –Alcazar Energy Ltd., backed by Abu Dhabi’s Mubadala Investment, is preparing the sale of some of their solar and wind assets in Egypt and Jordan, people with knowledge of the matter said.
The renewable-energy developer is in talks with banks on the sale, which may fetch at least $500 million, the people said, asking not to be identified as the information is private.
The sale is likely to draw interest from private equity firms and energy companies focused on the region, the people said. No final decisions have been made, and Alcazar could still decide to keep the assets, they said.
Representatives for Dubai-based Alcazar didn’t respond to a request for comment.
While the Middle East is home to the world’s biggest oil exporters, governments are pushing for alternate energy solutions amid growing consumption. That’s opened up opportunities for renewable-energy developers.
The United Arab Emirates plans to double its renewable energy capacity by 2030, while Saudi Arabia seeks to invest as much as $50 billion in the sector over the next six years.
–With assistance from Archana Narayanan, Jan-Henrik Förster and Nicolas Parasie.
-
OER Magazines2 months ago
OER, April 25
-
Alamaliktistaad Magazines2 months ago
Al-Iktisaad, April 25
-
Renewables1 month ago
Jindal Renewables and OQ Alternative Energy Sign Joint Development Agreement to Advance Integrated Renewable Power Projects in Oman
-
Business2 months ago
St. Petersburg International Economic Forum 2025 unveils its Business Programme
-
Leaders Speak1 month ago
OERLive SPOTLIGHT: Oman Sustainability Week 2025 and Oman Petroleum & Energy Show
-
Alamaliktistaad Magazines4 weeks ago
Al-Iktisaad, May 25
-
Banking & Finance2 months ago
How is National Bank of Oman Working Towards Creating a Robust Fintech Ecosystem?
-
OER Magazines4 weeks ago
OER, May 2025