The Minister of Petroleum and Mineral Resources, Tarek El Molla, directed to meet investors’ demands and to accelerate natural gas delivery to the new industrial zones, especially in Upper Egypt. This came during his meeting with a delegation from the Egyptian Federation of Investors Associations (EFIA), where he also denoted the importance of the private sector’s role in supporting the Egyptian economy.
During the meeting, the minister discussed the means of developing and attracting national investments as well as developing a balanced mechanism to achieve Egypt’s sustainable development goals in the upcoming period. El Molla also drew on several approaches to magnify cooperation between the oil and gas sector and investors. The meeting aimed to encourage investors to expand their activities, maximize productive capacities, enhance the competitive edge of Egyptian products in global markets, and increase exports to support the economy.
For his part, Moharam Helal, EFIA’s Chairman, alongside the minister agreed to form a group from EFIA’s members and the Egyptian Natural Gas Holding Company (EGAS) to review all issues related to investors’ demands to reach tangible results.