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The index data attributed this advanced ranking to the fact that Egypt has taken measures to invest in large-scale renewable energy projects, such as encouraging the installation of solar and wind energy.
Egyptian Prime Minister Dr. Mostafa Madbouly witnessed Wednesday the signing ceremony of 7 cooperation agreements in the fields of green hydrogen and renewable energy.
Egypt enjoys strong relations and a huge portfolio size with the European Investment Bank (EIB), in light of the role played by the Ministry of International Cooperation to develop and strengthen economic relations with multilateral and bilateral development partners and international institutions.
The visit of Turkish President Recep Tayyip Erdogan to Egypt gives a new impetus to enhancing economic cooperation and trade exchange between both countries, especially since they are linked with distinguished historical economic relations.
During the past few days, the Governor of the Red Sea, Major General Amr Hanafy, opened the first factory in Egypt and the Red Sea for the manufacture of fiber yachts in the industrial city of Hurghada.
The ministry also screened 146 industrial and investment plots nationwide to determine unoccupied land plots.
The company plans to establish new buildings and production lines, a move that will not only boost its operations but also generate numerous employment opportunities for young individuals.
During the forum, Qatar's Minister of Commerce and Industry, Mohammed bin Hamad bin Qassim, disclosed that Qatar had already invested over $5.5 billion in Egypt's financial, real estate, and energy sectors
The Egyptian exports value reached $2 billion during 2022, compared to $618.6 million during 2021, recording an increase of 219.5 percent.
President of the General Syndicate for Engineering, Metallurgical and Electrical Industries, Engineer Khaled Al-Feki, revealed that there are serious steps Egypt is taking to localize the traditional and electric car industry.
Egyptian exports over the past years were distributed by 29 billion dollars in 2013, and 27.5 billion dollars Dollars in 2014 (decreasing 5.1%), in addition to $22 billion in 2015 (decreasing 20.2%).
In the research and exploration plan until 2030, the petroleum sector aims to drill 110 exploratory gas wells with investments amounting to about 4.8 billion dollars.
The Egyptian Ministry of Industry is currently approaching the preparation of the national strategy for industry, which focuses on attracting investments to deepen the industry.
During the meetings, Egyptian Minister of Finance Mohamed Maait said that Egypt's hosting of the conference "reflects the country's role regionally and internationally."
The Egyptian state continues its major successes and achievements in the gas and oil file, and this comes at a time when Egypt is seeking to increase its reserves of gas, the demand for which has recently grown, in addition to the efforts of many European countries to secure alternative sources away from Russian supplies.
The study prepared by the researcher Asmaa Refaat showed that Egypt reaps a number of benefits from Egypt's accession to the BRICS bloc.
The BRICS Summit 2023, which was held during the past three days in its fifteenth session in Johannesburg, South Africa, culminated in announcing the expansion of the base of members to include: Egypt, the Emirates, Saudi Arabia, Argentina, Iran and Ethiopia.
The Electricity Law included a number of tasks for the Egyptian Electricity Transmission Company to operate the electricity transmission system in accordance with economic and environmental standards.
Lieutenant General Osama Rabie, head of the Suez Canal Authority, said that adding 30 new locomotives to the Suez Canal fleet is part of a future plan to develop the fleet.
Lieutenant General Osama Rabie, head of the Suez Canal Authority, said that adding 30 new locomotives to the Suez Canal fleet is part of a future plan to develop the fleet.
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