Greece's Mytilineos Holdings aims for investing in Egypt

CAIRO – 29 March 2023: Chairman of the General Authority for Investment and Free Zones (GAFI) Hossam Heiba held a meeting Wednesday with the representatives of Mytilineos Holdings, a leading Greek conglomerate operating in the sectors of energy, metallurgy and EPC, to discuss cooperation opportunities.

The company aims for investing in solar plants, solar storage batteries, other fields of new and renewable energy, oil and gas, infrastructure, and sustainable engineering solutions.

The GAFI chairman presented the Egyptian government's measures recently taken to facilitate and expedite the registration of companies and launching of their headquarters. He further pointed out that 13 golden licenses were issued, and that the authority studies the issuance of 40 more.

As for new and renewable energy, Heiba highlighted that 23 MoUs, including nine that are being currently executed, had been signed in the sector of green hydrogen. He pointed out that many companies are interested in producing green ammonia and green hydrogen in Egypt in order to export the output, and that is the result of the availability of advanced infrastructure and energy surplus among other factors.