The First Undersecretary for Gas Affairs at Egypt’s Petroleum Ministry, Sherif Sousa, said Egypt plans to propose projects amounting to $10bn, along with other investments at $9bn. The plan also includes petrochemical projects with investments worth $6.2bn.
Sousa mentioned that some mining projects are now under construction, and that they work on creating the suitable atmosphere to attract more investments in the energy sector through a complete plan. The aim is to consume energy economically to save 15% within the next three years.
Egypt has many investment opportunities which will be offered through global tenders, reaffirming the need to keep up to face obstacles in energy section.
Source: Daily News Egypt.