China Energy Engineering Corporation (CEEC) has announced plans to invest USD 1 billion (EUR 854 million) in Egypt over the next five years, focusing on renewable energy, seawater desalination, and energy storage. The commitment underscores Cairo’s drive to attract more Chinese participation in its clean energy sector and related industries.
The announcement came during Egyptian Prime Minister Mostafa Madbouly’s meeting with CEEC’s chairman on the sidelines of the Shanghai Cooperation Organisation (SCO) summit in China. Discussions centered on advancing Egypt’s energy transition while creating opportunities for technology transfer and local manufacturing.
CEEC, a state-owned enterprise, confirmed it is in negotiations with Egypt’s Ministry of Electricity and Renewable Energy regarding potential power generation projects. The company also expressed readiness to localise its technologies within Egypt, aligning with national efforts to build domestic production capacity in the renewable sector.
Prime Minister Madbouly urged CEEC to support Egypt’s ambition to locally manufacture renewable energy components to meet rising annual demand, estimated at 5–6 GW, and strengthen the country’s plans to export clean electricity to Europe. He also highlighted the role of the China-Egypt TEDA Suez Economic and Trade Cooperation Zone in providing a strategic platform for Chinese investors.
Established in 2008 as a government partnership, the TEDA zone has already attracted 200 companies, generating USD 3 billion in investments, USD 300 million in taxes, and creating more than 10,000 jobs. Madbouly encouraged further Chinese expansion in this zone, particularly in renewable energy, electric vehicles, and battery manufacturing, which he identified as priority sectors for future growth.
The CEEC investment signals deepening Sino-Egyptian cooperation in clean energy and reflects Egypt’s ambition to become a regional hub for sustainable power and technology exports.
Subscribe to get the latest posts sent to your email.
