Egypt courts global energy investors at EGYPES 2026, pledges to push ahead with reforms
Egypt reaffirmed its commitment to economic reforms and attracting foreign investment in its energy sector on Tuesday, as its prime minister met executives from major global energy companies and financial institutions at Egypt Energy Show (EGYPES 2026).
Moustafa Madbouly said the government would continue its comprehensive economic reform programme despite external pressures, highlighting Egypt’s advanced infrastructure, large-scale national projects, and extensive gas and electricity networks as key growth drivers. “Egypt remains a safe and promising destination for foreign investment,” he said, noting the economy’s resilience through global shocks including the COVID-19 pandemic and the Russia-Ukraine war.
The prime minister emphasised that Egypt offers competitive investment conditions, including attractive financial frameworks and early renewal of agreements with foreign partners, particularly in high-cost exploration areas such as the Red Sea and Mediterranean.
He added that the country is leveraging its LNG facilities in Idku and Damietta, strategic ports, and regional electricity networks to strengthen its position as a hub for energy trade in the Eastern Mediterranean and Africa.
During the roundtable, officials outlined progress in renewable energy and a national green hydrogen strategy, alongside regional electricity interconnections. Petroleum Minister Karim Badawy said discussions aimed to align Egypt’s economic direction with investor priorities and maintain competitiveness.
Electricity Minister Mohamed Shaker expressed appreciation for partnerships with global renewable energy companies, noting their significant contribution to Egypt’s target of increasing the share of renewables in the energy mix to 42% by 2028.
Finance Minister Ahmed Kouchouk highlighted coordinated efforts to implement energy sector plans despite global challenges, while Investment Minister Mohamed Farid pointed to reforms that enhanced macroeconomic stability and improved transparency. Planning Minister Ahmed Rostom underscored the importance of exchange rate flexibility and policy consistency to support investor confidence and accelerate project execution.
Executives attending the roundtable praised improved policy clarity, regulatory reforms, and government support for the private sector, while pledging to increase investments in Egypt’s oil and gas sectors. They called for further measures to accelerate project implementation and deepen coordination across government entities.
Participants also noted Egypt’s potential as a regional gas hub and electricity exporter, emphasising the need for greater access to sustainable financing for capital-intensive energy projects. Cabinet officials said discussions focused on global financing conditions, sovereign risk, and mechanisms to enhance predictability in the investment climate, including contract enforcement and timely payments.
Madbouly said Egypt would continue engaging closely with private sector partners and international institutions to fast-track investment decisions and support the country’s energy ambitions.
Attribution: Amwal Al Ghad English