Egypt has all capabilities to be regional power hub: Engie CEO

CAIRO - 14 July 2018: CEO of Engie Global LNG Philip Olivier lauded the achievements made by Egypt during the past period and the serious steps it has taken on the ground to support its regional and international role as a key country in power fields.

During his meeting with Minister of Petroleum and Mineral Resources Tareq el Molla, Olivier said Egypt has all the capabilities that qualify it to become a regional power hub, the ministry said in a statement Saturday.

Meanwhile, Molla hailed as "strong" Cairo-Paris relations, noting that Egypt has managed to create a climate that can lure investments.

He also noted that business results achieved over the past period in Egypt’s petroleum and gas sector grabbed the world’s attention and made international companies interested in the investment opportunities available in the country.