Egypt has received requests worth over $6 billion from international and Gulf investors. The latter are thus expressing their interest in obtaining new licenses to invest in renewable energy projects, according to Hossam Heiba, CEO of the General Authority for Investment and Free Zones

Currently, an average of three to five gold licenses are issued each month. “These new investments aim to meet domestic energy demand while exporting green energy,” Heiba pointed out in an interview with Asharq Business. In particular, the private sector is currently executing renewable energy projects valued at $4.4 billion; these projects are expected to bring total renewable energy capacity to 10,000 megawatts by the end of 2025, said Mohamed Shaker, Minister of Electricity, in