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Mubarakli: Egypt-Emirati urban project
Prime Minister Mostafa Madbouly announced the signing of a strategic partnership between Egyptian and Emirati companies to implement an urban development project east of Cairo, with investments exceeding $3.1 billion. The project aims to promote urban development and stimulate foreign direct investment, with a focus on supporting the renewable energy sector through initiatives such as a 1,100-megawatt solar power plant and the construction of a storage battery factory with a capacity of up to 5 gigawatts. The initiative is part of the Egyptian government's efforts to strengthen the private sector and diversify sources of clean energy.
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