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Home Breaking News

PM: Egypt stable, attractive for energy investors

by Gazette Staff
March 31, 2026
in Breaking News, Egypt, Local
Prime Minister Moustafa Madbouli chairing a roundtable with global energy companies and international financial institutions during EGYPES 2026, currently taking place in Cairo. Several ministers and officials attended.

Prime Minister Moustafa Madbouli chairing a roundtable with global energy companies and international financial institutions during EGYPES 2026, currently taking place in Cairo. Several ministers and officials attended.

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Prime Minister Moustafa Madbouli said Egypt remains a safe and promising destination for investment. He added that the economy has shown resilience through global crises.

The Prime Minisrter made these remarks as he chaired a roundtable with global energy companies and international financial institutions during EGYPES 2026, currently taking place in Cairo. Several ministers and officials attended.

Madbouli said the conference is an important platform to review developments in the oil and gas sector. He highlighted investment successes and future opportunities.

He stressed Egypt’s commitment to improving the investment climate, noting that the government offers attractive financial models and renews agreements early to give companies long-term clarity. This, according to him, is important for high-cost areas like the Red Sea and the Mediterranean.

Madbouli said Egypt is continuing its economic reform programme despite regional challenges. He pointed to strong infrastructure, including gas and electricity networks, LNG plants in Idku and Damietta, as well as the developed ports. These support Egypt’s role as a regional energy hub.

He also highlighted efforts in renewable energy, green hydrogen, and regional electricity links.

Petroleum Minister Karim Badawi said the roundtable aims to attract more investments and boost investor confidence. He stressed the importance of meeting financial obligations to partners and ensuring a transparent business environment.

Representatives of the participating companies praised the clarity of Egypt’s market and recent reforms. They said this helps them plan both short- and long-term investments.

They described Egypt as a strong regional hub for gas and electricity. They also called for more coordination and faster project implementation.

The talks also covered the impact of the regional war on the economy and measures taken to limit its effects.

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