The Egyptian Minister of Electricity and Renewable Energy, Mohamed Shaker, participated in the first Pan-Arab Energy Trade Conference, held on November 6 & 7, 2019, Al Mal reported.
The conference has been organized in partnership with the Arab Fund for Economic and Social Development (AFESD), the World Bank Group, and the League of Arab States (LAS).
The 2-day conference, convened in Cairo, Egypt, is a key milestone towards finalizing the foundation stage of establishing the Pan-Arab Regional Electricity Market (PAEM). The ratification process for the market’s key legal agreements was discussed yesterday during a session held by the Arab Ministerial Council for Electricity (AMCE) in Cairo. The legal agreements approval is expected next year, citing the World Bank’s website.
The conference assembles Energy and Electricity Ministers from the Arab States with regional and international energy experts to discuss strategic approaches to gather stakeholders, deepen the understanding of national and regional benefits of cross-border energy trade, and steps towards an enabling environment to align national priorities and regional goals to best exploit energy resources at the Pan-Arab level.