Madbouly highlighted the significance of the project, emphasizing that it is closely monitored by President Abdel Fattah El-Sisi.
The agreement aims to address the urgent gas supply needs of Jordan, especially as the country continues to develop its LNG infrastructure, and will help mitigate costs for both countries.
The two countries are working to create broader opportunities for mutual investment and stronger partnerships between the private sectors of Egypt and Bahrain, Kouchouk stated during a meeting with Bahrain’s Minister of Finance and National Economy, Sheikh Salman bin Khalifa Al Khalifa.
Banga praised Egypt’s ongoing economic reforms and the creation of state-led investment platforms, emphasizing Egypt’s position as a leading partner for the World Bank, highlighting initiatives like the “NWFE” platform, which promotes climate investments in adaptation and mitigation efforts, and the “Hafiz” platform that fosters private sector participation.
The signing took place on Tuesday and underscores both countries' commitment to enhancing trade and investment cooperation, especially as Egypt seeks to address its ongoing economic challenges.
