Minister of Investment and Foreign Trade Hassan el Khatib asserted that the economic reforms introduced by the Egyptian government promote investment atmosphere especially in sectors of top priorities including technology, renewable energy and infrastructure.

Khatib reiterated the importance of the role of international financial institutions in supporting growth and sustainable development in Egypt, pointing out to the promising potentials presented by the Egyptian market to the foreign investors.

This came during Khatib’s current visit to Brussels where he met with executive officials in Euroclear group which is one of the biggest financial services providers in the world.

The meeting tackled means to boost financial cooperation between Egypt and the group in addition to discussing the opportunities of expanding the range of the group’s activities in the Egyptian market.

Khatib also met with General Director of Deme Hyport Energy Giuseppe Stefani where they tackled the opportunities and potentials of i
nvestment in the Egyptian market in addition to the developments in the project of the company in Egypt to produce green hydrogen and green ammonia.

Khatib asserted the keenness of the Ministry of Investment on presenting all aspects of support to the project of the company in Egypt to produce green hydrogen and green ammonia in Gargoub as it is a very important project.

Meanwhile, Stefani asserted the keenness of the company to expand in the Egyptian market, pointing out that the first stage of the company’s project in Egypt is 3 billion euros and the investment cost of the three phases of the projects in 24 billion euros.

Source: State Information Service Egypt