Prime Minister Mostafa Madbouly held a meeting with a group of senior Egyptian and Emirati officials to boost cooperation and joint investments with the UAE in energy, especially in renewable energy and the development of natural gas fields.
In attendance of Minister of Petroleum and Mineral Resources Tarek El Molla, the meeting reviewed a number of suggested projects including the construction of wind energy facilities in the Red Sea that will produce 10,000 megawatts to meet the growing demand for clean energy.
Madbouly outlined the importance of finalizing the necessary agreements and memoranda of understanding (MoU) to begin implementing these projects.
Omar Al-Sewedy, Deputy Minister of Industry and Advanced Technology in the UAE, said that the high committee of the “Integrative Industrial Partnership for Sustainable Economic Development” initiative has set an action plan for each of the three participating countries, Egypt, UAE and Jordan.
He added that the executive committee will hold a meeting soon with the companies that will implement the joint projects between the three countries.
Additionally, Khaled Salmeen, Executive Director, Downstream Industry, Marketing and Trading at ADNOC Group said that his company is highly interested in several projects either in natural gas or other fields.