The meeting, attended by GAFI head Hossam Heiba, focused on Egypt’s strategy to localize energy-related industries, transfer modern technology, and create jobs. El-Khatib highlighted Egypt’s potential to become a regional energy hub, particularly through the optimization of solar resources.
The Minister reaffirmed the government's commitment to
supporting Power Edison’s potential entry into the Egyptian market. He noted
that Egypt has invested $550 billion in infrastructure over recent years. Recent
fiscal, monetary, and trade policy adjustments have significantly improved
economic indicators. A new unified digital platform for investment and trade
aims to eliminate bureaucracy and enhance competitiveness.
Minister El-Khatib emphasized that Egypt is shifting toward
a private sector-led growth model, where the state acts primarily as a
coordinator and enabler.
Dr. Kuran expressed Power Edison’s strong interest in the
Egyptian market, stating the company is conducting a feasibility study for
local manufacturing. The study explores establishing production lines for
batteries, transformers, power cables, and control systems to serve both
domestic needs and regional exports.
Kuran praised Egypt’s solar abundance, ranking it among the best globally. He added that the company is prepared to collaborate on regional initiatives, specifically highlighting future reconstruction projects in Gaza.