The Minister of Business Sector discusses with the Norwegian Minister of International Development to enhance economic cooperation
Eng. Mohamed Shemi, Minister of Public Business Sector, discussed, during his meeting, with Osmond Ocost, Minister of International Development in the Kingdom of Norway, ways to enhance relations between the two countries and open broader horizons for economic and industrial cooperation, especially in the areas of green transformation and renewable energy
Shemi emphasized the depth and distinction of bilateral relations between the two countries, and the continuous development it witnesses in light of the common interest in pushing the paths of cooperation towards more Economic partnerships, especially in renewable energy projects. The Norwegian Skatk Company executive. Dandara solar energy belonging to your silence. The upcoming project is a leading model for the partnership between the state and the private sector and international investors, as Scatec ASA, through its subsidiary in Egypt, will create and operate the station for a period of 25 years. The first large -scale industrial project to remove carbon in the region. This would enhance the competitiveness of Egypt Aluminum Company, especially in light of the application of the European border carbon modification mechanism, as it supports Egypt as a leading country in green industrial transformation. The operational of the aluminum complex, and raising its productive efficacy, in a manner that enhances the competitiveness of the Egyptian product in the global markets, especially since the Egypt Aluminum Company exports more than 50% of its production, and most of these exports are directed to the European Union countries. Companies affiliated with the Ministry of Public Business Sector. The Minister expressed his aspiration to deepen cooperation with the Norwegian side. The solar power station is being implemented between Egypt Aluminum Company and Sakkak Company is receiving major international financing institutions, where letters of intentions were recently signed for the project financing between Dandara (project company) with both the European Bank for Reconstruction and Development, the African Bank for Development, and the European Investment Bank.
which reflects the increasing confidence that the market has Egyptian as a promising investment destination, and international institutions are keen to support projects with sustainable economic and environmental return. & nbsp;
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