Hossam Haiba, CEO of the General Authority for Investment and Free Zones (GAFI), recently held discussions with a delegation of 24 Japanese companies involved in renewable energy. The primary focus of the meeting was on localizing green energy technology within Egypt.
Haiba emphasized that the Egyptian government has already identified key sites and investment requirements to achieve its goal of adding around 30 gigawatts of new renewable energy capacity. Several companies have begun investing and building infrastructure to contribute to this objective.
Beyond just energy production, Haiba highlighted Egypt’s broader ambitions in the renewable sector. The government is not only focusing on generating renewable energy but is also aiming to advance industrial and commercial sectors. This includes localizing the technology needed to manufacture critical components, such as turbines and panels for solar and wind energy projects.
In addition, Egypt is reshaping its legislative and regulatory frameworks to attract investment in green hydrogen. These efforts include a new law governing green hydrogen projects and the launch of a national strategy for low-carbon hydrogen development.
Nobutaka Maekawa, Executive Vice President of the Japan External Trade Organization (JETRO), expressed strong interest from the Japanese business community in Egypt’s renewable energy sector.
Takuji Asano, CEO of Sojitz Egypt, a specialized energy solutions company, shared plans to strengthen infrastructure development for renewable energy in Egypt, laying the groundwork for significant Japanese investments.
Meanwhile, Kenny Kitamura, representing the Japan Bank for International Cooperation (JBIC) in the Middle East, reaffirmed the bank’s commitment to financing green ammonia and green hydrogen projects in Egypt.
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