The agreements entail a minimum investment of approximately $225.3 million, including the drilling of at least 40 wells for the exploration and exploitation of natural gas and crude oil.
The report referenced data from the International Renewable Energy Agency, noting that Egypt ranked first in the Arab world in renewable energy generation capacity in 2023, with a total capacity of 6,709 MW.
This includes paper fruit trays, cup carriers, and egg cartons, both printed and unprinted.
The project involves an investment cost of €120 million, fully self-financed, with a commitment to exporting over 90% of production globally.
The report highlights the IMF’s forecast of 4% growth for Egypt in 2025, up from 2.7% in 2024, driven by ongoing economic reforms and investments, particularly in the Ras Al-Hekma development project on Egypt's North Coast
