It will focus on upgrading Hamra Petroleum Port into a regional hub connecting Middle Eastern crude flows with European markets.
It also includes the development of a modern digital platform to facilitate effective access to survey results.
These projects, with total foreign investments amounting to EGP 1.7 billion, will be implemented through Misr Rayon and Polyester Fibers Company, a subsidiary of the Cotton, Spinning, and Weaving Holding Company.
The UAE company will establish two energy storage stations: the Banban Station with a capacity of 500 MWh, and the Zafarana Station with a capacity of 1,000 MWh.
In an interview with Al-Arabiya Business, El-Kilany stated that Egypt is also working on similar agreements with other countries in the coming months, starting with Bahrain, followed by the UAE.
