Highlights from Prime Minister’s Speech at GreenTech Business Mission

May 22, 2022


Egypt’s Prime Minister Mostafa Madbouly said there are great opportunities to be tapped in the Egyptian market in terms of green investments, pointing out that Egypt targets to increase the renewable energy usage by 42%  by 2035 in line with its Egypt Vision 2030, as well as to increase water and waste management projects.

Madbouly alled on U.S. companies to expand their investments in Egypt and benefit from the new economic strategy Egypt announced. The new strategy involves raising the private sector’s share in Egyptian economic activity to 65 percent, up from 30 percent, along with other incentives.

“The strategic dialogue between Egypt and the U.S. has resulted in two milestones; the first is creating the US-Egypt working group on climate and the second is the high-level economic committee that will start its activities going forward,” Madbouly noted.