Egypt and the European Bank for Reconstruction and Development sign a Memorandum of Understanding in the field of Green Hydrogen, inaugurating the Tourism Skills Board and an agreement to implement the Alexandria Metro worth 250 million euros
- D. Rania Al-Mushat, Minister of International Cooperation: The new cooperation documents reflect the strategic relationship with the European Bank to support the country’s development priorities and the coming period will see more work in the framework of the Qatar strategy 2022-2027
- The new documents come within the framework of the state’s determination to transform to a green economy, increase investment in human capital and develop infrastructure for a green and sustainable transport sector
- Signing a development financing agreement for the implementation of the Alexandria Metro worth 250 million euros to develop the infrastructure of the transport sector to become more sustainable
- A Memorandum of Understanding to assess the possibilities of the low-carbon hydrogen green economy and to support the transformation efforts to green economy
- Memorandum of Understanding to establish a Tourism Sector Skills Council in Egypt to promote investment in human capital
Events witnessed the launch of the Qatar Joint Strategy between the Arab Republic of Egypt and the European Bank for Reconstruction and Development for the period 2022-2027, the signing of a Memorandum of Understanding in the field of green hydrogen and tourism, and an agreement to inaugurate the Alexandria Metro, which comes within the framework of the state’s determination To implement green transformation through innovative strategies, and increased investment in human capital, Transforming to a sustainable and green transportation sector as part of the state’s 2050 climate action strategy.
During the events, the Ministry of International Cooperation and the European Bank for Reconstruction and Development signed a development financing agreement worth 250 million euros for the implementation of the Alexandria Metro project, which aims to develop the existing Abu Qir railway line that links downtown Alexandria to the Abu region. Qeer located in the northeast of the province and its supply with electricity to become a system Metro is operating at high efficiency.
The Ministries of Electricity and Oil signed with the European Bank for Reconstruction and Development, a Memorandum of Understanding on the assessment of the possibilities of low-carbon hydrogen economy in Egypt. This technical support aims to understand the technical, economic and organizational feasibility of developing hydrogen supply chains in S The economy of the economy.
In another context, the Ministry of Tourism, the Egyptian Union of Tourist Chambers and the European Bank for Reconstruction and Development signed a Memorandum of Understanding on cooperation in establishing the Tourism Sector Skills Council in Egypt, through which the Bank will provide technical support to create a skills board working on training a For young men and women to determine the skills required in the labor market and develop Qualification and Training framework in Tourism and Hospitality Sector.
Commenting on the new cooperation documents between Egypt and the European Bank for Reconstruction and Development, Dr Rania Al-Mashat, Minister of International Cooperation and Governor of Egypt at the European Bank for Restoration and Development, said the cooperation documents signed with the European Bank reflected the relationship. For a strategy between the sides and its role in supporting development efforts in Egypt and promises Start of joint work in the framework of the new cooperation strategy.
“These agreements will stimulate green transformation framework efforts, reduce harmful emissions, increase investment in human capital, support skills and develop skills of tourism workers, as well as develop transport infrastructure to become more sustainable,” she added. Keeping up with technological developments, it also reflects the government’s efforts to strengthen joint work between Relevant parties, stimulating private sector participation in development plans, enhancing the state’s development vision and providing facilitated development funding and technical support in line with strategic priorities for green, inclusive and sustainable economic transformation.
The Comb confirmed that the coming period will see more areas of cooperation with the European Bank for Reconstruction and Development in the framework of the new strategy for the period 2022-2027, to meet the country’s development priorities, and the strategies it is implementing to advance in all sectors, based on The State Strategy for Climate Action 2050 and its fervent drive to a green economy, and sustainable development vision 2030.
Egypt has since 2014 started implementing clear and robust plans for economic and structural reform in many sectors to address challenges that were looming without development especially in the energy sector, Dr. Mohamed Shaker, Minister of Electricity and Renewable Energy, said in order to implement clear and robust economic reform plans in many sectors to tackle challenges that stood looming without development, especially in the power sector, in the framework of the transition to Green
Economy is referring to the National Energy Strategy Sustainability, a long-term plan aiming to diversify its energy mix from renewable sources to 42% by 2035, has been a key focus in the cooperation between the government and several international institutions, including the O Bank Ruby for Rehabilitation and Development.
He pointed out the coordination and constructive cooperation with our colleagues in the Ministry of Oil and Minerals and working together in the hydrogen field in particular and in various energy fields in general.
Egypt places a pivotal role in producing hydrogen as a clean fuel and exporting it to global and European markets to reach carbon neutrality, while Eng. Tariq Al-Mulla, Minister of Oil and Minerals, said Eng. Tariq Mullah, said that it has great competitive opportunities under the presence of Watawa strategic location Furnishing infrastructure, natural gas and renewable energy, sure on Importance of the current efforts of all ministries in the National Committee on Hydrogen, and that the Ministry looks to support cooperation with all parties locally and internationally to support Egypt and the world’s efforts to achieve the goals of the Paris Climate Agreement.
Minister of Tourism and Archaeology, Dr. Khaled Al-Anani, said during his speech, that the Ministry of Tourism and Archeology for Sustainable Development 2030 includes a special focus on promoting community participation and human resources by empowering women and youth, achieving equality, equalization of opportunities, and integration Engaging local communities surrounding tourist and archaeological areas in the sustainable development process.
He referred to the signing of a Memorandum of Understanding with the European Bank for Reconstruction and Development on the creation of the “Tourism Sector Skills Council in Egypt”, in cooperation with the Egyptian Federation of Tourist Chambers. One of the objectives of the Ministry’s Sustainable Development Strategy was also highlighted in this axis was to strengthen cooperation with international organizations and donors to establish and develop specialized training centers, and prepare plans and training programs to develop and develop the technical and administrative competence of employees in Various establishments, tourist activities, archaeological sites, museums.
“We are proud to contribute to Egypt’s future strategy of low-carbon hydrogen production in line with the bank’s commitment to mitigate climate change, Mark Bowman, vice-president of the European Bank for Reconstruction and Development.” Renewable Energy in Egypt where he gave advice on policies and technical aid “And Camouflage, to support development efforts in Egypt.”
The Joint Strategy between Egypt and the European Bank for Reconstruction and Development focuses on three core priorities in line with the country’s plans for sustainable development, the first is to support the state’s efforts to achieve comprehensive and sustainable economic growth, and the second is to accelerate the economic transformation Ed Green, the third priority is to enhance competitiveness, increase growth rates and stimulate the role of the private sector in Development, and these dialogues have been put forward through consultations over the past year, between the Ministry of International Cooperation, all governmental agencies, concerned ministries, European Bank officials as well as the private sector and civil society.
It is noteworthy that the relationship between the Arab Republic of Egypt and the European Bank for Reconstruction and Development dates back to 1991, joint cooperation with the European Bank for Rehabilitation and Development accelerates the pace of achieving the national development vision that is consistent with national goals to The growth of sustainability.
Over 2018, 2019, 2020 and 2021 Egypt has been the largest European Bank for Reconstruction and Development in the South-East Mediterranean region, with the bank’s total investments since the start of its operations in 2012 amount to 8.6 billion euros in 145 projects at the country level, including 76% for private sector funding and 24% for public sector.
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