PM Madbouly, Danish counterpart discuss economic cooperation

MENA , Ahram Online , Monday 13 Mar 2023

Prime Minister Mostafa Madbouly and Danish counterpart Mette Frederiksen co-chaired on Monday an expanded session of talks to discuss a wide range of joint cooperation files especially in the fields of energy , logistics and maritime transportation , the Egyptian cabinet said.

Egypt s PM Mostafa Madbouly in his meeting with Danish counterpart PM Mette Frederiksen in Cairo. Photo: Egyptian Cabinet


Madbouly emphasised the need to promote economic cooperation, especially to achieve energy transition goals.

He said that one of the government’s top priorities is to expand the scale of renewable energy and green hydrogen projects.

Cooperation with Denmark, he said, may branch out into strategic industries such as the pharmaceutical industry.

Madbouly also hailed ongoing cooperation for improving energy efficiency.

He said that the term of the sectoral partnership agreement between Egypt and Denmark had been extended to 2025 to support the efforts of both countries in generating clean energy, consolidating the underpinnings of green economy, and achieving sustainable development.

The Egyptian premier also praised the existing investments of Danish shipping giant Maersk in Egypt and its project to transform the container terminal in East Port Said into a global hub station by injecting investments estimated at about $500 million.

He said he aspired to see more Danish investments in the Egyptian market in the fields of maritime transport as well as in projects to supply ships with green fuel.

During the talks, the Danish Prime Minister praised the fruitful talks she held with President Abdel-Fattah El-Sisi on the areas of bilateral cooperation and on regional and international issues.

She added that there are many files of bilateral cooperation between Egypt and Denmark, including efforts to develop African-European relations.

Mette Frederiksen expressed her appreciation for the efforts made by the Egyptian state to face various challenges in a country of more than 100 million people.

She praised Egypt’s unremitting efforts to achieve development and secure food and energy supplies, as well as the efforts made to confront inflation, climate change and terrorism.

"I would like to express my appreciation for the efforts that President El-Sisi and the government are making in this arduous task," Frederiksen added.

In this context, she also praised the success of the Egyptian state in achieving relatively low unemployment rates, despite all the existing challenges.


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