Egypt to take charge of Tanzania dam construction
Egypt and Tanzania recently signed a contract allowing Egyptian companies to build a hydroelectric dam in the African country, which experts say will help boost Egypt’s economy.
Egypt is gaining a foothold in Africa by launching giant developmental projects in the continent in an attempt to restore its leading position in the region and open up a large market that can boost the country’s exports as well as the national economy.
On Dec. 12, Egyptian Prime Minister Mostafa Madbouly and Tanzanian President John Magufuli signed a contract for a major hydroelectric dam project in the Rufiji River Basin in Tanzania.
An Egyptian consortium, consisting of the Arab Contractors company and Elsewedy Electric, has won the tender for building Stiegler’s Gorge hydroelectric power station at a total cost of $2.9 billion.
Mohsen Salah, an engineer and chairman of Arab Contractors, said in a press statement Dec. 12 after signing the contract, “The dam project comes within the framework of the Tanzanian government's plans to bring about a development renaissance in the country.”
