GE to invest in renewable energy, support growth in Egypt

CAIRO – 22 April 2017: General Electric (GE) plans to invest in the field of the renewable energy, particularly in solar and wind energy projects in Egypt, the company’s CEO Jeff Immelt said, according to a statement from the Ministry of Investment and International Cooperation.

This came during Immelt’s meeting with Minister of Investment and International Cooperation, Sahar Nasr, on the sidelines of the World Bank Group and International Monetary Fund spring meetings in Washington D.C. The meeting also followed-up on Immelt’s meeting with President Abdel Fattah Al-Sisi during his visit to Washington earlier this month.

During the meeting, both sides discussed GE’s offer to supply Egypt with 100-200 train wagons, of which 35 percent will be manufactured in Egypt. This comes in light of GE’s plan to increase its investments in Egypt and provide more jobs in the coming years.
It also aims to contribute in the developmental process in Egypt and support the government’s goal to boost economic growth.