The CEO of the group also mentioned that the company has already invested $2.5 billion in Egypt so far
By aiming to capture 5 to 8 percent of the global hydrogen market, the country seeks to make significant contributions to the reduction of carbon dioxide emissions, targeting a decrease of 40 million tons annually.
Egypt's Prime Minister Chairs Meeting on Progress of Grand Egyptian Museum Project
The new HQ will enhance the bank’s cooperation with Egypt and Middle Eastern and North African (MENA) partners, as well as open “new opportunities to advance development efforts in the coming years,” according to an official statement
Prime Minister Mostafa Madbouly expressed his belief that financial technologies and sustainability are key drivers of change as “we live in a rapidly evolving digital age,” during a speech on Tuesday
This comes on the heels of the PM’s inspections of several factories in 10th of Ramadan City and Obour City on Saturday.
Prime Minister Moustafa Madbouli asserted the state's keenness to deepen the industry of the local product and encourage and empower the private sector, pointing out that the Egyptian market is “huge” and encourages pumping investments in the state.
Both companies will begin studies on a project to export electricity from renewable energy from Egypt to Europe via a Mediterranean Sea line.
Emphasizing the strong relations between the EBRD and Egypt, Madbouly called on the bank to expand the scope of cooperation on renewable energy projects between the two
Madbouly stressed on the Egyptian government’s commitment to increasing trade between Egypt and African nations as part of the country’s strategy to boost exports, support production sectors, and increase job opportunities
The implementation of the structural reforms program was discussed in the meeting as it is a top priority in the government’s development strategy due to its importance to the Egyptian economy especially in industry, agriculture, and communications technology fields
This came during the Prime Minister's participation in the opening session of the third edition of the "Belt and Road Forum for International Cooperation" held in Beijing.
The agreements outlined plans for new expansions and the establishment of an additional 3 km2 industrial zone within the Sokhna Industrial Zone
Through Egypt’s efforts and support, industry export returns are estimated to reach up to $9 billion in 2026, and will open up thousands of job opportunities for Egyptians
The commodities to see significant price reductions include sugar, oil, lentils, dairy products, cheese, and pasta. These price reductions will take effect starting from the upcoming Saturday.
During the conference, he will answer the questions he raised in his speech during the opening of the “Story of a Homeland” conference, the statement added.
The prime minister ordered the executive committee to speed up the approval process for green hydrogen projects and provide exceptional incentive packages to the first companies that sign final contracts.
Egypt’s Prime Minister Mostafa Madbouli announced on Thursday that there are 480 exhibitions nationwide including 84 mobile exhibitions that are inaugurated within the “2023 Welcome School” fair.
The forum’s main objectives include legislative reforms, support for small and medium-sized enterprises (SMEs), and the development of megaprojects. This multifaceted approach aims to position Egypt as a “regional hub for investment and logistics services,”
Egypt’s Prime Minister Mosutafa Madbouli on Thursday asserted the state's keenness on catering to the demands of Egyptian expatriates and providing incentives for them in order to foster their bonds with the motherland.