Leading Egyptian and international energy corporations are scheduled to participate in Al-Ahram Establishment's two-day energy conference in its third edition, slated to open on 29 December in Cairo under the sponsorship of Prime Minister Mostafa Madbouly.
Under the theme of “Energy, Investment Horizons and Development Opportunities”, 1,000 energy, petroleum, natural gas and energy officials and experts will set an integrated vision about the energy sector and the investment opportunities it promises, in addition to reviewing its growth potentials, in line with Egypt's transformation into a regional energy hub.
The Kuwait Fund for Arab Economic Development (KFAED) will participate in the conference based on its essential support to Egypt, and as a core supporter to its development projects, especially in the field of energy.
Mohamed Saddiqui, an engineering consultant, will represent the fund in the conference as a moderator of the session that covers the role of financial corporations that should play a role to boost funding capabilities of the energy sector.
Al-Ahram said in a statement on Wednesday that it’s looking forward to draft bold recommendations that support the significant progress Egypt has achieved in the energy sector over the past few years and reinforce the notable success of Egypt’s unprecedented economic reforms.
It added that it is eager to convene the conference annually.
“The participation of international, Arab, and Egyptian experts in the conference paves the way for shaping an effective vision that can help decision-makers to set a strategy that boosts investment in the energy sector, and ensures the optimisation of venture investments in electricity, petroleum, and natural gas," according to the statement.
Throughout seven sessions, the conference will cover investment management methods and discuss how Egypt has succeeded in overcoming the sector’s challenges.
Conference participants will introduce a comprehensive vision about the future of sustainable energy in Egypt and Africa and discuss the future of natural gas development in Egypt in light of new natural gas discoveries.
Participants will also tackle the national natural gas delivery project and the role of the natural gas sector in turning Egypt into a regional energy hub.
The conference will touch upon the connection between electricity and digital transformation, as well as the role financial corporations should play in boosting funding for the energy sector through adjusting bank policies on joint loans and insurance.
The annual conference was established to serve as a one-of-a-kind event that focuses on the energy sector in Egypt and the investment opportunities it offers, as well as to help decision-makers adopt a strategy regarding investment in the sector.
The first edition of the conference was held in 2017. It drafted a national vision in line with Egypt’s efforts to be a regional energy hub.
The second edition was held in 2018 under the theme " The Future of Energy and Sustainable Development: Egypt’s Vision 2030."