MOU
The MoU is concerned with high-level political consultation on the bilateral relations and regional and international issues of mutual concern, the Egyptian Foreign Ministry said in a statement.
The Memoranda of Understanding are aiming to establish projects to produce green fuel and green ammonia in the Sokhna.
The first MoU was signed by Abdel Qader Darwish, Chairman of the Egyptian Group for Multi-Purpose Terminals, and Saif Al Mazrouei, Head of the Transport Sector at Abu Dhabi Ports Group.
This comes after the two ministers held a session of talks on bilateral relations, during which they discussed regional and international issues of mutual concern.
The investment cost of the project is estimated at about $5 billion, and it will be implemented in two phases, and production is expected to start in 2025, according to Cabinet Spokesman Nader Saad.
The agreements included a service agreement between the Egyptian General Petroleum Corporation and Baker Hughes to cooperate in the field of gas recovery and reducing carbon emissions, which was signed by geologist Alaa El-Batal, CEO of the Egyptian General Petroleum Corporation, and Engineer Tamir Nasser, Director General of Baker Hughes Egypt, according to a statement.
This came on the sidelines of the 6th Ministerial Meeting of the East Mediterranean Gas Forum held in Cairo.
The MoU is aimed at developing MSMEs, through exchanging experience and holding training courses and exhibitions, in addition to exploring opportunities for achieving trade integration between Cairo and Amman.
A memorandum of understanding (MoU) was inked between the Egyptian National Railway Authority and Austria's Voestalpine to increase the production of the Abbasia workshop.
The group clarified Tuesday that the fund is set to provide capital investments and support entrepreneurs and startups in Egypt, as well as the Arab and African markets.
Also, Minister of Immigration and Egyptian Expatriate Affairs Nabila Makram signed MoUs with both countries.
The MoU was signed by Executive Chairman of the Egyptian Exchange (EGX), Mohamed Farid, and Chairman of the Egyptian Businessmen Association (EBA), Ali Eissa.
This came in the presence of Egypt’s Prime Minister Mostafa Madbouly, and Mohamed Shaker, Minister of Electricity and Renewable Energy.
Petroleum Minister Tarek el Molla, in a statement Tuesday, stressed the importance of cooperation with international companies to locally manufacture components and equipment used in petroleum projects.
The MoU aims to achieve optimal utilization of the terrestrial network that connects the two countries and develop it with the latest technologies to support the transportation of international traffic.
The MoU supports cooperation in developing Artificial Intelligence-powered applications in different realms.
The MoU stipulates a strategic partnership contract between the two sides in the field of maritime transport through the establishment of a joint subsidiary company that facilitates international trade, export and import operations of goods.
The signing ceremony was witnessed by Prime Minister Mostafa Madbouli, and attended by Minister of Transport Kamel Al-Wazir, CEO of Siemens Joe Kaiser, and Executive Vice President of the company, Roland Bush.
The MoU includes the establishment of a joint venture to launch and manage a healthcare-focused fund with an initial target value of $300 million.
This Single Support Framework defines the areas of focus for EU assistance. It is based on the EU-Egypt Partnership Priorities for the years 2017-2020.
Most Read
