Qatar thinking about buying renewables in Egypt

Jun 7, 2022 11:02 AM ET
  • Qatar is interested in purchasing renewable energy in Egypt, especially in solar and also wind projects, the president of the Qatar Investment Authority (QIA) said during a meeting with his equivalent at Egypt's General Authority for Investment and Free Zones (GAFI).
Qatar thinking about buying renewables in Egypt
Image: Egypt's Cabinet

GAFI's Mohamed Abdel Wahab on Monday met QIA's president Mansoor container Ebrahim Al-Mahmoud and the president of the Qatari Businessmen Association, Faisal container Qassim Al Thani, in addition to reps of neighborhood firms in the Gulf state in an effort to attract even more investments from the area to Egypt.

During his browse through, Abdel Wahab reviewed QIA's participation in a number of strategic projects, stressing the possibility of approving a gold certificate to Qatari firms. The golden license is a solitary permit provided to strategic projects as well as integrates all building and operating permits needed for the implementation of the projects.

Abdel Wahab likewise noted that Egypt has actually launched a variety of motivations to sustain the advancement of an eco-friendly economic situation, artificial intelligence and technology along with streamline procedures for financiers.

The two sides accepted continue to cooperate and also exchange data associated with investment chances in Egypt that the Qatari side would discover. QIA, on its part, vowed to provide assistance to business from the Gulf state that plan to enter the Egyptian market.

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