PM, Spanish firm discuss investment opportunities in renewable energy
Prime Minister Mostafa Madbouly met with Gonvarri Industries Chairman and CEO Jon Riberas to discuss the Spanish company’s potential investments in Egypt, particularly in automotive components, renewable energy, metal structures, and logistics. Madbouly highlighted Egypt’s plans to expand renewable energy projects, especially solar and wind power, and stressed the country’s potential as a…
Prime Minister Mostafa Madbouly convened with Gonvarri Industries Chairman Jon Riberas to explore potential investment opportunities in Egypt. The conversation centered on the Spanish company's interest in automotive components, renewable energy, metal structures, and logistics sectors. Madbouly emphasized Egypt's ambitious plans to bolster renewable energy projects, particularly in solar and wind power.
He stressed Egypt's strategic position as a regional manufacturing and export hub catering to Middle Eastern and African markets. The meeting also delved into the possibility of establishing Gonvarri's first major manufacturing facility in Egypt, focusing on automotive components. Additionally, discussions centered around fostering partnerships with local investors.
Gonvarri, renowned for steel and aluminum processing, expressed its intent to evaluate multiple investment models and viewed Egypt as a crucial market and possible regional base. Both sides concurred to persist in dialogue, with the Egyptian government targeting the formulation of a definitive investment framework within forthcoming weeks.
This account of the PM and Spanish firm discussing investment opportunities in renewable energy originally surfaced on Egypt Independent.
Written by urgent.news from Egypt Independent's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
