Ambassador Schulz highlighted the growing momentum in Egyptian-German cooperation, particularly in the field of green transition projects.
Germany is preparing to begin importing green hydrogen from Egypt within the next two years as part of its expanding focus on renewable energy projects and under the framework of a €340 million debt swap program, German Ambassador to Cairo Jürgen Schulz announced.
Speaking at a press conference at the German Embassy in Cairo, Ambassador Schulz highlighted the growing momentum in Egyptian-German cooperation, particularly in the field of green transition projects.
He noted that Germany is extending both technical and financial support to Egypt’s green hydrogen initiatives, stressing that the commitment comes at the highest political levels in Berlin.
The envoy pointed to a recently signed €54 million agreement under the debt swap program aimed at enhancing investments in Egypt’s power transmission grid and linking two major wind farms, Noius and Amunet in the Red Sea, with a combined capacity of 500 megawatts, to the national grid.
The project is expected to provide electricity for around two million people. In addition, €100 million has been activated for other development projects under the debt swap framework, with ongoing discussions to expand cooperation further.
Ambassador Schulz also revealed that bilateral trade between Egypt and Germany reached €5 billion, underscoring growing business ties.
He said several German companies have expressed strong interest in investing in Egypt, citing the recent inauguration of the Bosch home appliances factory as a landmark investment. Since assuming his post last year, he has held a series of meetings with German firms to explore opportunities in the Egyptian market.
“German companies are seriously considering investment in Egypt, but decisions depend on market conditions, facilitation measures, and private sector support,” Schulz said, reaffirming Germany’s commitment to bolstering Egypt’s private sector role.
The ambassador further announced that high-level German participation is expected at the opening of the new Egyptian-German Museum in Cairo, alongside upcoming political and economic visits.
He recalled earlier visits this year by senior officials from Bavaria and Saxony, as well as multiple delegations from across Germany, reflecting the depth of bilateral relations.
