CAIRO - Egypt signed a $1.5 billion agreement with a consortium led by Saudi Arabia's ACWA Power for a wind energy project, the cabinet office said on Wednesday.

The 1.1 gigawatt wind energy project is located in the Gulf of Suez and Jabal El Zayt areas, the cabinet statement added.

(Reporting by Momen Saeed Atallah, Writing by Ahmed Elimam, Editing by Louise Heavens)