Egypt’s Minister of Investment and Foreign Trade, Hassan El-Khatib, met with a delegation from Tecnicas Reunidas, a Spanish engineering and infrastructure construction company specializing in the oil, gas, and petrochemical industries, to discuss potential investments in Egypt’s energy sector.
The meeting, held during El-Khatib’s visit to Spain, centred on the company’s current activities, planned projects, and expansion strategies within the Egyptian market.
Minister El-Khatib emphasized the abundant resources and diverse investment opportunities available in Egypt’s energy sector, reiterating the ministry’s dedication to facilitating companies’ entry and growth within the country.
Tecnicas Reunidas expressed particular interest in investing in boiler manufacturing for the oil industry and has requested a berth in an Egyptian port under the free trade zone regime. This would allow the company to assemble power plants for the oil, petrochemical, electricity, and energy industries.
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Discussions also explored the company’s investment plans in green energy, hydrogen, and green ammonia. The Tecnicas Reunidas delegation highlighted their expertise in designing and constructing power plants, petrochemical facilities, and natural gas processing plants.
They emphasized their focus on advancing hydrogen production and biofuel technologies, demonstrating a strong interest in Egypt’s rapidly expanding clean energy sector.
Egypt is positioning itself as a key hub for energy and industrial development, and a potential partnership with Tecnicas Reunidas could lead to significant advancements in both traditional and renewable energy sectors.
