The Egyptian Minister of Trade, Engineer Ahmed Samir, met in his office yesterday (Thursday) with a delegation of Saudi investors representing a group of major companies specialized in the field of seawater desalination. The two sides discussed ways to strengthen cooperation between the two friendly countries in the field of drinking water, given the technological progress that the Kingdom has reached in The field of desalination of sea water at a lower cost, maximizing the utilization of groundwater and preserving it to ensure its sustainability.
The Egyptian minister confirmed that the meeting dealt with the activities of the company specialized in the fields of conventional and renewable energy and water desalination, as the volume of its investments in the world is about $75 billion, and it is one of the largest companies investing in power stations in the world, indicating that the company started its business in Egypt since In 2015, the value of its investments so far in Egypt is about $2 billion, and there is a tendency to expand its economic activities inside the country.
After the meeting, the Egyptian minister said that the company is cooperating with a large number of Egyptian ministries, led by the Ministry of Electricity, as the company succeeded during the last period in implementing and establishing 3 solar power stations in a number of Egyptian governorates, with a total investment of $1.5 billion, in addition to an agreement to produce green hydrogen. In the economic zone of the Suez Canal, and that the company seeks during the next stage and through the projects it is currently implementing to increase its investments in the Egyptian market to reach $12 billion, stressing the keenness of his country’s government to provide all aspects of support for local and foreign investments operating in the Egyptian market, in cooperation with Various ministries and concerned authorities in the country, indicating that his ministry seeks to diversify investments with the government of the Kingdom to include a large number of productive sectors.
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