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Egypt prioritizes power grid modernization, renewable energy expansion

Ongoing efforts to upgrade the grid are essential for absorbing additional capacities from renewable energy sources.

By investing in large-scale, sustainable infrastructure, the country is positioning itself as a regional hub for green energy.

With a wealth of untapped mineral resources, a historical legacy in mining, and a renewed governmental focus, the sector is poised for growth.

The cabinet also approved Egypt's subscription to the callable capital increase of the African Development Bank (AfDB) by acquiring 554,700 shares.

Madbouly emphasized that Egypt offers many promising investment opportunities in the industrial sector from which Saudi companies can benefit.

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