Egypt Seeks Power Linkage with Europe

Egypt is continuously strengthening power linkage lines with neighboring countries. (Getty Images)
Egypt is continuously strengthening power linkage lines with neighboring countries. (Getty Images)
TT

Egypt Seeks Power Linkage with Europe

Egypt is continuously strengthening power linkage lines with neighboring countries. (Getty Images)
Egypt is continuously strengthening power linkage lines with neighboring countries. (Getty Images)

Egypt is continuously strengthening power linkage lines with neighboring countries such as Jordan, Sudan, and Libya, announced Minister of Electricity Mohamed Shaker.

He said the goal in the coming period would be achieving electrical linkage with Europe through maritime cables, which will reach a number of countries in the continent.

He confirmed that the launch of power projects to connect with Libya is a fundamental and strategic goal for the two countries, reported the Middle East News Agency (MENA).

Egypt succeeded in generating electricity to Libya through already existing projects, said Shaker.

The Ministry is studying a huge project for power linkage with Cyprus, Crete and eventually Greece, he revealed.

“When this project is complete, Cairo will be a central hub for electrical interconnection between three continents as Egypt is already electrically connected with both Jordan and Libya,” he said.

Egypt has close relations with Greece and Cyprus, and the three countries regularly hold summits within the framework of their energy cooperation in the Mediterranean.

In December, Egyptian President Abdel Fattah al-Sisi stressed that the cooperation stems from balanced positions based on respect, good neighborliness, and mutual interests for the security and stability of the Eastern Mediterranean region.

Egypt is also exploring another project that would add power linkage with Saudi Arabia at peak consumption times throughout the day, announced Shaker.



Saudi Arabia, Italy Sign 26 Investment MoUs

The Saudi-Italian high-level roundtable took place in AlUla on Sunday. SPA
The Saudi-Italian high-level roundtable took place in AlUla on Sunday. SPA
TT

Saudi Arabia, Italy Sign 26 Investment MoUs

The Saudi-Italian high-level roundtable took place in AlUla on Sunday. SPA
The Saudi-Italian high-level roundtable took place in AlUla on Sunday. SPA

The Saudi-Italian high-level roundtable took place in AlUla on Sunday, with the participation of Italian Prime Minister Giorgia Meloni, Saudi Minister of Investment Khalid Al-Falih, CEOs, private sector leaders, and representatives from major companies of both countries.

The meeting highlighted the expanding partnership between the two countries and resulted in the signing of 26 memoranda of understanding across key industries, including construction, renewable energy, cultural exchange, and advanced technologies.

It also explored collaborative prospects in green energy, automotive manufacturing, infrastructure development, tourism, agrifood, solar and wind energy projects, sustainable tourism initiatives, and advanced construction technologies.

Italian businesses highlighted their aim to capitalize on an estimated SAR11.8 trillion in Saudi inward investment over the next six years.

Heritage tourism was also a key focus, with participants highlighting Italy’s expertise and Saudi Arabia’s ambition to become a leading global travel destination. As the Kingdom plans to create 1.6 million tourism jobs by 2030, Saudi-Italian partnerships are poised to drive skills development, promote sustainable tourism, and expand opportunities in the private sector.

In 2023, Saudi exports to Italy reached SAR18.5 billion, driven primarily by mineral fuels and petrochemicals, while imports from Italy totaled SAR22 billion, reflecting strong demand for Italian products such as machinery, pharmaceuticals, and advanced engineering solutions.

In 2024, 63 investment licenses were granted to Italian firms in the Kingdom—an increase of 110% over the previous year—underscoring the rising Italian interest in advanced manufacturing, construction, and renewable energy.