Egypt’s PM, UAE Minister of Industry discuss localization of renewable energy industries

CAIRO – 14 July 2024: Egypt’s Prime Minister Mostafa Mabdouli convened a meeting, on Sunday, to discuss collaborative efforts in the field of new and renewable energy between Egypt and the United Arab Emirates, focusing on the localization of related industries.

Madbouli emphasized that the meeting reflects the ongoing commitment of both sides to jointly address matters concerning new and renewable energy, as well as to promote the localization of various industries.

The meeting was attended by Sultan Al Jaber, Minister of Industry and Advanced Technology of the UAE; Lt. General Kamel Al-Wazir, Deputy Prime Minister for Industrial Development and Minister of Industry and Transport; Engineer Mahmoud Esmat, Minister of Electricity and Renewable Energy; and Engineer Karim Badawy, Minister of Petroleum and Mineral Resources. Also other officials and representatives like CEO of Abu Dhabi Future Energy Company "Masdar" attended the meeting.

The Prime Minister emphasized a strong conviction that Egypt's energy future hinges on new and renewable sources. He underscored the importance of exploring avenues to integrate substantial amounts of such energy into the electrical grid and coordinating efforts to localize industries linked to renewable energy technologies, including solar panels and wind energy.

Mabdouli highlighted an agreement with Dr. Sultan Al Jaber, Minister of Industry and Advanced Technology in the UAE, to devise an ambitious implementation plan. This plan aims to swiftly integrate significant volumes of new and renewable energy into the grid while advancing the localization of related industries.

He stressed that the private sector, particularly experienced companies, will play a pivotal role in executing these projects promptly. Madbouli noted the high-level political ties between the two countries and ongoing cooperation to realize targeted projects that benefit both nations.

The Prime Minister pointed out the substantial rise in energy consumption, exceeding 37.3 gigabytes per day recently, underscoring the imperative to introduce substantial amounts of new and renewable energy into the grid as the ultimate solution.

The Prime Minister also affirmed strong support and cooperation with the Emirati side, with the goal of introducing 4 gigawatts of renewable energy into the grid starting next summer.

Minister Sultan Al Jaber of the UAE also emphasized that resolving Egypt's energy challenges is both feasible and essential. He stressed the need for a clear roadmap for Egypt's energy sector, outlining several cooperative mechanisms to be implemented in the short, medium, and long terms. These efforts are aimed at achieving a lasting solution to the energy issues in Egypt.