An alliance led by Saudi Arabia's ACWA Power (<a href="https://www.saudiexchange.sa/wps/portal/saudiexchange/hidden/company-profile-main/!ut/p/z1/04_Sj9CPykssy0xPLMnMz0vMAfIjo8ziTR3NDIw8LAz83d2MXA0C3SydAl1c3Q0NvE30I4EKzBEKDMKcTQzMDPxN3H19LAzdTU31w8syU8v1wwkpK8hOMgUA-oskdg!!/?companySymbol=2082" target="_blank">TADAWUL:2082</a>) has signed a usufruct agreement with the Egyptian government for a 1.1-GW wind energy project in the Gulf of Suez and Jabal El-Zeit.