Egypt and Saudi Arabia have signed an executive plan aimed at enhancing cooperation in the field of energy efficiency.
Under the executive plan, both countries will work together to establish a national energy efficiency program in Egypt, which will include drafting regulations and technical standards, capacity building, raising awareness, and fostering the development of energy service companies.
The plan was signed on Monday by two Egyptian ministries - petroleum and electricity and renewable energy - and Saudi Arabia’s ministry of energy in Cairo.
As per the partnership, Egypt and Saudi Arabia will exchange knowledge and offer technical support in energy efficiency improvement, in addition to building human cadres through training courses and workshops.
The deal includes the development of energy services companies and promotion of infrastructure for energy efficiency improvement projects along with facilitating supply and investment mechanisms in these projects.
Also Monday, Egyptian President Abdel-Fattah el-Sisi inaugurated the eighth edition of the Egypt Energy Show (EGYPES) 2025 in Cairo alongside Cypriot President Nikos Christodoulides and in the presence of Saudi Minister of Energy Prince Abdulaziz bin Salman.
The Saudi minister reaffirmed the Kingdom’s commitment to strengthening energy cooperation with Egypt during his address at EGYPES.
He highlighted several major joint energy initiatives as ways of enhancing regional energy security and sustainability.
As part of the collaboration, five new solar and wind energy projects will be launched in Egypt by Saudi companies, boasting a combined capacity of 1.696 gigawatts and an investment of about $1.65 billion.
The projects will be developed by ACWA Power, Alfanar, FAS, and MOWAH.
Additionally, ACWA Power signed a power purchase agreement with the Egyptian Electricity Transmission Company to develop a 2-gigawatt wind power project in the Red Sea's Hurghada.
