The Prime Minister reviews investment opportunities in the electricity and energy sector during the next 10 years

Dr. Mustafa Madbouly, Prime Minister, held a meeting today; To review investment opportunities in the electricity and energy sector during the next ten years, in the presence of Eng. Mahmoud Esmat, Minister of Electricity and Renewable Energy, Eng. Hassan Al -Khatib, Minister of Investment and Foreign Trade, and officials of the two ministries. The private sector as a basic partner in various development processes, through the application of more structural and legislative reforms, with more facilities and stimuli that will contribute to attracting more investments to a number of promising sectors, especially in the energy sector. And the measures that would contribute to making the Egyptian economy more competitive and open to the world, through the application of realistic monetary policies, which have been reflected on many economic indicators in a positive way, and contributed to achieving stability and enhancing confidence in the investment environment in Egypt, in addition to the application of stimulating financial policies for investment, which included work on governance and regulation of fees and mitigate non -tax financial burdens, and the digital transformation of the various services provided For investors, unifying the collections. Country. Electrical, the second axis investing in transportation and distribution networks, and includes expansion and development of networks in partnership with the private sector, the third axis investing in electrical components, and includes electrical transformers and large and low -voltage currents, electrical insulators and high -voltage energy lines, the fourth axis investment in industry and applications and includes green hydrogen electricity networks, LEDs saving for electricity, and axis Fifth investments in nuclear energy in a way that enhances the diversification of Egyptian electric energy production sources. PVs. Among the investment opportunities in the electricity sector during the next ten years, especially with regard to the batteries industry for storage or solar panels, while emphasizing that there are investment opportunities in maintenance projects and reduce losses in networks and others. The promising sectors, through cooperation and coordination between the relevant ministries, where these ministries are preparing an integrated file that includes a list of targeted investment projects in the targeted sectors, provided that the Ministry of Investment promotes these opportunities through global campaigns aimed at attracting direct investment of these opportunities, provided that this includes obtaining various approvals and licenses, to start implementing projects on the ground in the fastest time, in order to benefit from this Promising opportunities.

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