Cabinet grants golden licenses to MAC, Deli Egypt for EGP 15.1bn in new investments
The Egyptian Cabinet, chaired by Prime Minister Mostafa Madbouly, approved a package of major decisions during its 71st meeting, underscoring efforts to localise industry, attract foreign investment, expand clean energy, and support regional development. Chief among the approvals was the
Egypt targets 480 new oil and gas wells in $5.7bn exploration push
Egypt plans to drill 480 exploratory wells with total investments estimated at $5.7bn over the next five years, Minister of Petroleum and Mineral Resources Karim Badawi said on Monday, as the country seeks to reverse a decline in natural gas
Four-nation consortium launches 2GW Atum Solar plant in Egypt targeting US exports
Egypt laid the foundation stone on Monday for a $210m solar energy manufacturing complex in the Suez Canal Economic Zone (SCZONE), a project involving Chinese, Emirati, Bahraini, and Egyptian partners with a targeted annual capacity of 2 gigawatts (GW). The
Lead Woman Event Highlights Women’s Leadership in Egypt’s Energy Sector
Egypt’s Women in Energy Network successfully hosted the Lead Woman: Women’s Leadership event, sponsored by Shell, bringing together senior leaders and professionals to advance dialogue around women’s empowerment, leadership, and allyship in the energy industry. The event opened with remarks
Egypt’s Electricity Minister, UK Ambassador discuss expanding renewable energy cooperation
Egypt’s Minister of Electricity and Renewable Energy, Mahmoud Esmat, met with the United Kingdom’s new Ambassador to Cairo, Mark Bryson-Richardson, at the ministry’s headquarters in the New Administrative Capital to explore opportunities for deeper cooperation and investment in the renewable
Renewable shift offers chance to close gender gap in energy sector: Al-Mashat
Women are playing an increasingly vital role in Egypt’s energy and heavy industries, including managing the country’s largest mine, Planning Minister Rania Al-Mashat said on Tuesday, as she called for closing the gender gap in traditionally male-dominated sectors. Speaking at
Egypt plans new policies to drive private sector growth in tourism, energy, health
Egypt is preparing a new package of policies and facilitations designed to increase private sector investment in targeted economic sectors, Prime Minister Mostafa Madbouly said on Sunday. Madbouly instructed relevant ministries to draft the new measures to support the state’s
Egypt, China’s XD Group discuss localising electrical equipment manufacturing
Mahmoud Essmat, Minister of Electricity and Renewable Energy, met with Zhou Qi Qi, Chairperson of China’s XD Group, and his delegation, in the presence of Mona Rizk, Chairperson of the Egyptian Electricity Transmission Company, and Osama Abdullah, Chairperson of EGEMAC.
Egypt prepares major incentive packages to attract green hydrogen investments: Petroleum Minister
Petroleum and Mineral Resources Minister Karim Badawi announced that Egypt is developing a set of highly attractive incentive packages to accelerate investment in green hydrogen, as the country works to position itself as a central player in the emerging global
KarmSolar speeds up Egypt’s renewable energy drive
Egypt’s clean-energy transition is gaining fresh momentum as KarmSolar expands its footprint in the national solar market through a series of new, large-scale projects. The company, led by CEO Ahmed Zahran, plans to invest $110m over the next three years