Madbouly expressed his appreciation for the collaboration between the Egyptian government and the IMF.
The Cabinet also approved the Prime Minister’s draft decision to establish an investment zone in the city of Ras El Hekma.
Additionally, the company's products have a high percentage of local components, reaching about 55% at the start of production.
This agreement marks a step towards enhancing the collaboration between the two nations in the oil and gas sector, particularly concerning the implementation of infrastructure and service projects in the petroleum industry of Egypt.
To achieve this objective, a recent meeting took place, attended by leaders and representatives of export councils.
