UNIDO funds 23 projects in Egypt with $58 million

The minister emphasized that the government is currently focusing on the efficient use of new and renewable energy sources to meet the country’s energy needs.

By: Business Today Staff

Sun, Oct. 20, 2024

The United Nations Industrial Development Organization’s (UNIDO) projects in Egypt reach 23 projects with a total funding of $58 million.

This came during a meeting between deputy Prime Minister for Industrial Development and Minister of Industry and Transport, Kamel Al-Wazir, discussed with Patrick Jean Gilabert, the regional representative of the UNIDO in Egypt, the organization’s programs and the current status of its projects in the country.

These initiatives aim to provide technical support to local industrial establishments across various sectors.

The minister emphasized that the government is currently focusing on the efficient use of new and renewable energy sources to meet the country’s energy needs.

He also noted the ministry’s commitment to strengthening collaboration between UNIDO and the ministry’s technological centers to obtain technical support for deepening local manufacturing related to solar and wind energy production equipment.

He further highlighted that the priority areas for cooperation between the ministry and the organization include wastewater and industrial water treatment, seawater desalination, and the manufacturing of desalination and water pumping motors.

 The government is keen to attract foreign companies to invest in the Egyptian market in these sectors to meet local demand and expand exports.

Gilabert stated that UNIDO is seeking to establish a technology development office in Egypt, similar to its offices in several other countries.