Egypt and Japan Forge $3 Billion Partnership for Sustainable Development
Key Ideas
  • Egypt and Japan have over 18 projects with $3 billion investment for sustainable development.
  • Collaborative ventures include metro projects, educational programs, and healthcare enhancements.
  • Egypt establishes the National Council for Green Hydrogen and aims for 42% renewable energy by 2030.
Egypt and Japan have solidified their partnership with over 18 projects geared towards advancing Egypt's sustainable development goals. This collaboration, amounting to a total investment of over $3 billion, was highlighted in a meeting involving Prime Minister Mostafa Madbouly and a delegation of Japanese leaders and representatives. The initiatives encompass various sectors such as renewable energy, water management, education, and healthcare, with notable projects like the metro's fourth line, the Grand Egyptian Museum, and the Abu Al-Rish hospital. Prime Minister Madbouly stressed the importance of the partnership and announced the establishment of the National Council for Green Hydrogen to reinforce Egypt's commitment to renewable energy. The government has also introduced the National Strategy for Low-Carbon Hydrogen, aiming for 42 percent of renewable energy sources in the energy mix by 2030. This joint effort signifies a significant step towards sustainable development and showcases the dedication of both countries to fostering green initiatives and infrastructure improvements.
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