en.Wedoany.com Reported - Egypt's Minister of Industry, Khalid Hashim, held talks with Ireland's Ambassador to Egypt, Aidan O'Hara, and a delegation from Enterprise Ireland, focusing on industrial cooperation in areas such as pharmaceuticals, renewable energy, and technical training. The Enterprise Ireland delegation is currently visiting Egypt to explore trade and investment opportunities, aiming to strengthen business ties between the two countries.
Hashim stated that the cooperation between Egypt and Ireland is built on a long-standing foundation of collaboration across multiple sectors. Egypt seeks to benefit from Ireland's expertise to deepen local manufacturing and facilitate the transfer of technology and knowledge to Egyptian industry. He noted that the use of new and renewable energy in industry is a key priority in the Ministry of Industry's current action plan, aimed at enhancing industrial competitiveness, reducing production costs, and decreasing reliance on traditional energy sources. As part of these efforts, the Ministry is implementing the "Sun of Industry" initiative, which plans to install solar power systems on the rooftops of approximately 7,000 factories nationwide, with a total installed capacity of 1,000 megawatts. The initiative relies on a range of financing and implementation mechanisms, with the goal of lowering energy costs, reducing natural gas consumption, and enhancing the competitiveness of Egyptian products in both domestic and export markets.
Hashim also emphasized the desire to leverage Ireland's expertise and Enterprise Ireland's experience in technical and vocational education and training (TVET) to support the establishment of a Center of Excellence for Vocational Training in Egypt. This center would offer training programs aimed at improving the quality of technical education graduates and enhancing their competitiveness in the international labor market. Additionally, the minister mentioned opportunities for cooperation in the application of artificial intelligence and quantum computing in pharmaceutical research and development, areas where Egypt seeks to benefit from Ireland's experience.
O'Hara reaffirmed Ireland's commitment to strengthening economic ties with Egypt, describing Egypt as one of Ireland's key partners in the region. He emphasized the importance of encouraging Irish companies to expand their operations and make new investments in Egypt, while highlighting the opportunities and incentives offered by the local market. The Enterprise Ireland delegation stated that it would prepare a report summarizing the outcomes of meetings with government officials and private sector companies during the visit. This report will be distributed to Irish companies interested in exploring investment opportunities in Egypt.
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