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FM Asserts Egypt’s Keenness on Localizing Clean Fuel Industries

Cairo: Minister of Foreign Affairs, Emigration and Expatriates Badr Abdelatty affirmed Egypt's strong keenness on localizing clean fuel industries, with the aim of strengthening its position as a regional hub for clean energy. This declaration was made during a meeting with a delegation from the Danish shipping and maritime transport giant A.P. Moller - Maersk, led by Camilla Holtse and including 13 representatives from different global regions.

According to State Information Service Egypt, the meeting focused on enhancing joint cooperation between Egypt and Maersk and supporting the company's investments in the country. Abdelatty highlighted Egypt's progress in green energy and transition efforts, as well as the incentives the government offers to foreign investors in this sector. He reviewed Egypt's port infrastructure on both the Red Sea and Mediterranean coasts, alongside the industrial ecosystem of the Suez Canal Economic Zone, positioning it as a prime location for attracting global shipping investments.

The minister praised the longstanding relationship with Maersk, which has spanned several decades, and expressed his keenness to follow up on the outcomes of the significant meeting between President Abdel Fattah El Sisi and Maersk's CEO during the president's visit to Denmark in December 2024. He expressed eagerness to expand cooperation in maritime transport, especially in light of the strategic partnership launched between Egypt and Denmark during the visit.

Abdelatty emphasized the importance of boosting Maersk's investments in sustainable port infrastructure, incorporating Egypt into green shipping corridor projects that link Egyptian ports to European counterparts, and supporting the development of ship recycling facilities in Egypt. This, he noted, would enhance the country's container shipping industry. He also welcomed Maersk's project to develop the Suez Canal Container Terminal (SCCT) in East Port Said, transforming it into a world-class container hub serving the Eastern and Southern Mediterranean.

During the meeting, Abdelatty listened to the delegation's updates on preparations for the opening of the new terminal in East Port Said and praised the expansion activities of the SCCT, reaffirming Egypt's full support for the company's operations.

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