- Minister Badr Abdelatty meets with Jan De Nul in Brussels to discuss expanding renewable energy projects in Egypt, including the “Gregy” electricity linkage with Greece.
- Abdelatty highlights Egypt’s commitment to green energy, focusing on green hydrogen plants and the country’s favourable investment reforms.
- The minister assures Jan De Nul of Egypt’s support and commitment to addressing any investment obstacles, aiming to strengthen foreign partnerships in the energy sector.
Egypt’s Minister of Immigration and Foreign Affairs, Badr Abdelatty, started visiting Brussels on Sunday, January 19, with a key meeting with the General Manager of the Electricity Linkage Sector at Jan De Nul, a leading company with expanding operations in Egypt. The meeting aimed to strengthen ties with European companies and showcase Egypt’s push for green energy.
Jan De Nul, a long-standing presence in Egypt, recently signed a Memorandum of Understanding (MoU) with the Egyptian government. The MoU focuses on advancing renewable energy exports from Egypt to Europe. The company also expressed interest in participating in the electricity linkage project between Egypt and Greece, known as “Gregy.” This ambitious project aims to enhance energy connectivity between the two countries and foster further collaboration in the renewable energy sector.
During the meeting, Minister Abdelatty highlighted Egypt’s dedication to becoming a global leader in green energy. He pointed to the country’s plans to establish and expand green hydrogen plants as a central part of its strategy. This initiative plays a vital role in Egypt’s goal of diversifying its energy sources and reducing its carbon footprint. The minister also emphasised Egypt’s position as a regional hub for renewable energy, noting the progress of several large-scale solar and wind energy projects.
In addition to Egypt’s green energy goals, Minister Abdelatty outlined the various incentives the Egyptian government introduced to attract foreign investments. These measures form part of Egypt’s broader effort to create a more favourable investment environment, especially in renewable energy and infrastructure sectors. The minister referenced the economic reforms Egypt implemented over recent years to streamline investment processes, cut through bureaucracy, and enhance the ease of doing business there.
Abdelatty expressed confidence that Jan De Nul would take full advantage of these incentives and expand its projects in Egypt. He discussed the company’s current initiatives in the country and reassured the firm of Egypt’s unwavering support for foreign businesses. The minister also committed to addressing any challenges or obstacles investors might face in Egypt.
The talks also touched on Egypt’s broader investment strategy, which includes building stronger partnerships with European companies and promoting technology transfer in the green energy sector. Minister Abdelatty expressed optimism that these efforts would strengthen Egypt’s position in the global energy market, particularly as the country shifts towards sustainable and green energy solutions.
At the end of the meeting, Minister Abdelatty reaffirmed Egypt’s commitment to cooperating with Jan De Nul on future projects, particularly in the renewable energy and infrastructure sectors. He assured the company that Egypt’s government would continue to support international partners in achieving shared goals of energy security, sustainability, and economic growth.
This meeting marks a significant step in Egypt’s ongoing efforts to engage with European energy firms and solidify its position as a key player in the global renewable energy market. Egypt’s focus on green energy and its economic reforms continue to attract attention from foreign investors eager to tap into the country’s vast renewable energy potential.