CAIRO – Egyptian Finance Minister Mohamed Maeet, has said the geopolitical challenges in the Middle East region affects negatively trade and investment.
Maeet said that Egypt looks forward to improving this situation, referring to Egypt’s ongoing economic reform to achieve economic stability to Egypt and lure new investment in the private sector.
The minister said these remarks during his meeting with Deputy Minister for Foreign Trade of the Netherlands, Eva Izsak, within the framework of the European-Egyptian investment conference held under sponsorship of president Abd el Fattah el Sisi.
Maeet hilighted Egypt’s ongoing efforts to enhance partnership with the Netherlands in key economic sectors such as renewable energy, infrastructure, agriculture, and food industries.
He outlined Egypt’s strategy to localize green hydrogen production in the Suez Canal Economic Zone, offer incentives like tax cuts, expedite issuing investment licenses to attract Dutch investments and accelerate production, particularly in the renewable energy.
The minister pointed out that Egypt tops in the Arab countries in terms of green energy through implementing 32 green hydrogen projects.
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