Funding and International Commerce Minister Hassan El Khatib met with Shihab Kuran, Founder and Chief Govt Officer (CEO) of US-based Energy Edison, a number one renewable power and power storage developer, to discover cooperation in sustainable power options, based on a press launch by the ministry.
The assembly, attended by Hossam Heiba, Chairman of the Common Authority for Funding and Free Zones (GAFI), noticed El Khatib stressing Egypt’s state’s concentrate on localizing energy-related industries and fashionable expertise switch, pointing to the nation’s aggressive benefits that qualify it to be a regional power hub.
El Khatib highlighted that Egypt has invested $550 billion in infrastructure over latest years. Coupled with financial reforms and changes to fiscal, financial, and commerce insurance policies, these efforts have considerably improved financial indicators.
Moreover, he pointed to the ministry’s apparent curiosity in digital transformation, together with the launch of a unified funding and commerce digital platform to eradicate paperwork and improve competitiveness. He added that the state is adopting a progress mannequin led by the personal sector, with the federal government performing as a coordinator and enabler.
For his half, Kuran expressed Energy Edison’s robust curiosity within the Egyptian market. He introduced plans for a feasibility examine on native manufacturing to guage establishing manufacturing strains in Egypt for each home use and regional export.
The corporate goals to construct industrial partnerships with Egyptian producers in fields together with batteries, transformers, electrical distribution tools, trailers, energy cables, and management programs, Kuran famous.
Egypt is among the many greatest nations globally concerning photo voltaic power abundance, which makes it a focus for main corporations within the sector, Kuran acknowledged.
Energy Edison, based in 2016 by Shihab Kuran, specializes in cell battery power storage programs for grid assist, renewables integration, and fast deployment in difficult environments.
Egypt has pursued related localization offers in sustainable power, akin to AMEA Energy’s February 2025 agreements for 1,500 megawatt-hour (MWh) standalone battery storage in Zafarana and Benban, and the UAE’s Masdar-Infinity Energy signing two MoUs for battery amenities, together with a 2 GW challenge with China’s Weigheng.
