(3 minutes read)
- Egypt’s prime minister Mostafa Madbouli announces a number of steps for increasing electricity generation, green hydrogen gas and promoting education
Egypt’s Prime Minister Mostafa Madbouli yesterday (15th March) issued a number of decisions to offer incentives to attract investments. Those decisions were relating to the green economy, artificial intelligence, innovation, scientific research projects and promotion of local industry. Focus on the electricity and energy sector covered projects such as production, storage and exportation of green hydrogen and ammonia.
The Prime Minister also spelt out reforms in the education sector, which included projects for establishment, running and operation of schools as well as technical institutes. The decision also covers establishment of new universities also.
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The decisions set a condition that the investment projects of top priority having additional incentives should contribute, apart from economic development to the state, environmental sustainability. A decision was also taken to ground the projects at the earliest. Towards that applications from investors should be disposed of within 20 working days to cut down the delays.
