Minister Al-Mashat probes boosting colaboration with head of New Development Bank

Ahram Online , Sunday 1 Sep 2024

Minister of Planning, Economic Development and International Cooperation Rania Al-Mashat discussed on Sunday with President of the New Development Bank (NDB) Dilma Rousseff boosting cooperation between Egypt and the bank.

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The Minister Rania Al-Mashat (L) and the President of the NDB and former President of Brazil, Dilma Rousseff (R)

 

According to a statement by the Ministry of Planning, Al-Mashat met Rousseff on the sidelines of the ninth annual meeting for the NDB's governors, held under the title “Investing in a Sustainable Future” from 28 to 31 August in Cape Town in South Africa.

Furthermore, the two sides discussed the NDB's contribution to financing the private sector to build a 1.1 GW Wind Power Plant Project in Suez. The project is part of Egypt's plan to produce 42 percent of its energy from renewable sources by 2030.

Al-Mashat and Rousseff also discussed the Egyptian government's efforts to attract green transformation investments in water, food, and energy.

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