Taqa Arabia signs cooperation agreement with Egypt’s ministry of petroleum

Dubai: As part of it’s ongoing effort to grow the energy sector in Egypt and meet increasing domestic demand, Citadel Capital’s energy platform, Taqa Arabia said on Thursday it has singed a contract with the Egyptian Natural Gas Holding Company (EGAS) to connect 66,000 new customers with natural gas. Citadel Capital, the leading investment company in Africa and the Middle East with $9.5 billion (Dh34.8 billion) in investments under control, has reported that its energy distribution platform TAQA Arabia has entered into an agreement with the Egyptian Ministry of Petroleum and Natural Resources to connect 66,000 homes with natural gas in areas where the infrastructure is already in place. The contract, which was signed with EGAS, comes as part of a national effort to the accelerate the development of Egypt’s energy sector and meet increasing national demand for energy.