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Egypt’s ambassador to Oslo: Norway will inject investments of 280 billion pounds into Egypt

Amr Ramadan, the Ambassador of the Arab Republic of Egypt to the Kingdom of Norway, stated that the Prime Minister of Norway, “Jonas Gahr Stoere”, will head to Cairo at the head of a high-level delegation, comprising ministers from his government and senior officials, in response to President Sisi’s invitation to participate in the climate summit on November 7 and 8. 2022, which begins with the activities of the twenty-seventh session of the Conference of the States Parties to the United Nations Convention on Climate Change, referred to as COP27.

Ambassador Ramadan explained that, in his meetings with Norwegian officials, he had noticed the prime minister and his government’s interest in the conference and its side events, as well as their keenness to follow up on the Egyptian initiatives presented to the conference, especially in the fields of renewable energy and food security.

The Prime Minister of Norway is scheduled to co-chair with the Prime Minister of Pakistan for the presidential dialogue table session on Tuesday, November 8, which deals with the topic “Climate change and the sustainability of the most fragile societies.” A number of heads of state and government will participate in the dialogue table, and the Prime Minister of Norway will also participate. Also in a number of other events, such as the meeting dedicated to announcing the launch of the “Green Shipping” challenge, which aims to encourage countries and industries to adopt the technology of building ships that operate on clean energy.

The Norwegian Minister of International Development will also participate in a number of sessions and events of the conference and discuss with her Egyptian counterparts ways to enhance bilateral cooperation between the two countries and tripartite cooperation in Africa.

Ambassador Ramadan noted that given the positive development in relations between the two countries following President Sisi’s meeting with the Norwegian Prime Minister in the French city of Brest on the sidelines of the “One Ocean” summit on February 11 this year, the Norwegian Prime Minister is looking forward again to meeting President Sisi, It is expected that the meeting will witness the fruit of joint cooperation between the two countries in the fields of renewable energy and fish farming. It is also expected that two projects will be signed in Sharm El-Sheikh. One of them is in the field of renewable energy to produce 3 million tons per year of green ammonia in Ain Sukhna in two phases, and the second is to generate electricity with a wind energy capacity of 5 gigawatts in Upper Egypt. Norwegian investments in the two projects amount to LE280 billion.

The Egyptian ambassador added that there is a third project, which includes the private sector, such as the Emirati company Fertiglobe, Orascom and the Egyptian Sovereign Fund to develop a green hydrogen facility with a capacity of 100 megawatts to produce the raw materials needed for the green ammonia manufacturing process, with an investment cost of 11 billion pounds.

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