Amrabat Passes Data to Damac in High-Tech Deal

Updated:2025-11-28 08:39 Views:78

The Amrabat Pass is one of the most important oil fields in Egypt, and it is expected to be one of the largest oilfields in the world by 2025. The Amrabat Pass is located on the Nile River, which flows through Egypt, Sudan, and Sudanese Arab Republic.

In recent years, the government of Egypt has been investing heavily in developing its energy sector, with the aim of increasing its energy independence and reducing its dependence on foreign oil imports. In order to achieve this goal, the government has been working with private companies such as Damac,Ligue 1 Focus which specializes in the development of high-tech projects.

The deal between Damac and Amrabat Pass is one example of how the government is using technology to boost its economy. By partnering with Damac, the Egyptian government hopes to tap into the expertise and resources of the company to develop new technologies and improve existing ones.

The deal will involve the purchase of a 70% stake in Amrabat Pass from Damac, which will give the company control over the entire project. This means that Damac will have full access to the Amrabat Pass's data, including geological information, environmental data, and other relevant information.

The deal is seen as a significant step towards achieving Egypt's goals of becoming self-sufficient in energy production and reducing its reliance on foreign oil imports. It also represents an investment in Egypt's future economic growth and job creation.

Overall, the deal between Damac and Amrabat Pass is a positive development for the country's economy, and it will likely result in increased investment and job opportunities for the people of Egypt.