CAIRO – Minister of Investment and Foreign Trade Hassan el-Khatib on Tuesday emphasised government’s commitment to supporting investments in the fields of renewable energy and digital infrastructure.
The minister highlighted Egypt’s rich natural resources, including the high-quality white sand, providing major opportunities for transformative industries and boosting exports.
Khatib made the remarks during a meeting with Hesham Sheta, the chairman of Income company, the Egyptian partner of China State Construction Engineering Corporation (CSCEC), and a number of green energy investors to discuss fresh investment opportunities contributing to enhancing the sustainable economic development.
During the meeting, the “Atlas Project” was reviewed, which aims to establish a global data center complex powered by renewable energy, relying on a dedicated solar power plant to supply it with electricity.
The project falls within the framework of efforts to enhance sustainable digital infrastructure and attract investments in the technology and clean energy sector.
The meeting also tackled the “Rosetta Minerals Project” initiative that includes an integrated project for processing and manufacturing kaolin sand, aiming to develop the industrial sector and increase the added value of local natural resources.
The project is expected to contribute to boosting local production and increasing exports, hence supporting economic growth and enhancing the competitiveness of Egyptian products globally.
Meanwhile, the project for handling dry bulk and general cargo at Sokhna Port was also discussed during the meeting.
