Prime Minister Mostafa Madbouly of Egypt recently announced that the Cabinet has approved two significant renewable energy projects for foreign investors, with direct foreign investment. The state aims to enhance Egypt's energy landscape by adding more than 4 gigawatts of renewable energy to the grid within the next year, with a long-term goal of reaching 28 gigawatts over the next five to seven years. These initiatives are part of the government's strategy to tackle the country's energy challenges effectively. During a weekly press conference following the Cabinet meeting, Madbouly highlighted the importance of these decisions. Additionally, he mentioned two key events in the energy sector. The first event was the launch of Egypt's first voluntary carbon market by the Financial Regulatory Authority, a significant step towards promoting green energy practices. The second event involved the official announcement of the national low-carbon hydrogen strategy, emphasizing the government's dedication to advancing hydrogen technology and sustainable energy solutions. These developments underscore Egypt's commitment to renewable energy and its ambitious plans for a greener and more sustainable energy future.