Minister of Planning and Economic Development and Chairperson of the Sovereign Fund of Egypt Hala El-Said met Saturday with the co-founder of the Copenhagen Infrastructure, Philip Christiani.
The meeting tackled ways of boosting mutual investments in Egypt’s green and renewable energy projects.
Said indicated that Egypt places a high priority on renewable energy projects and plans to transition its economy to green initiatives.
She added that the investment strategy for the 2023/22 fiscal year intends to achieve 40% of Egyptian projects as green ones, to increase this percentage to 50% by the end of 2025/24.
The minister emphasized that the Egyptian government’s investment arm, the Sovereign Fund of Egypt, supports the country’s drive towards green development.
She further explained that the fund has launched green hydrogen and ammonia production initiatives, besides water desalination projects, in partnership with specialized international companies.
Suez Canal Economic Zone provides promising investment opportunities in this field, she concluded.
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