These agreements, including a declaration of strategic partnership with Denmark, are expected to open new avenues for collaboration in sectors such as renewable energy, trade, and technology.
Abou El Makarem emphasized that exports are the sole lifeline for the industry. He noted that without exports, there would be no industry, as they drive quality improvement, development, and modernization of equipment and machinery
The project also aims to attract investors to establish a green hydrogen production plant with investments estimated at between $2 and $3 billion, according to a statement by Mohamed El Hommosani, the Official Spokesman for the Egyptian Cabinet.
The shipments will depart from the liquefaction stations in Idku and Damietta in mid-December 2023
The EIB’s choice to establish its new headquarters in Egypt reflects its confidence in the robust relations between the country and its EU partners
