President Abdel Fattah El-Sisi witnessed the signing of a contract between the Norwegian Company Empower and Majid Al Futtaim Company to implement a solar energy project in Egypt for industrial purposes.

This came after his meeting with the CEOs of a number of Norwegian Companies, including Empower New Energy and Golar LNG as well as the Norwegian Agency for Development Cooperation and the Norwegian-African Business Association as part of his official visit to Norway, the second leg of his current European tour.

Spokesman for the Presidency, Mohamed El-Shennawy, said the meeting explored ways to enhance investment cooperation between Egypt and the relevant Norwegian entities and companies.

It reviewed key policies being implemented by the Egyptian government in line with the economic development plan, with particular emphasis on the importance Egypt places on empowering the private sector and attracting more foreign direct investment.

El-Sisi emphasized that Egypt views the development of the renewable energy sector as a priority, given the country’s capabilities in this regard, including natural resources and infrastructure. The President underscored Egypt’s national strategy for increasing reliance on renewable energy sources, expressing appreciation for the ongoing cooperation with Empower and other Norwegian companies.  

He reaffirmed Egypt’s keenness to further strengthen their cooperation and explore new opportunities for shared benefit.

The discussion also touched on opportunities for fostering trilateral cooperation in Africa, in support of the continent’s development efforts. The role of Egyptian companies in Africa was reviewed, along with the potential for leveraging Egyptian expertise to provide joint and tangible support to the continent and its peoples.