Egypt

3.5Bln for Natural Gas Deliveries in Egypt This Year

Published on : 2023-05-13

The Ministry of Finance announced that EGP 3.5 billion will be allocated to cover the costs of delivering natural gas to Egyptian households in its FY 2023/24 budget.

This came as part of effort to expand the use of natural gas and increase the number of its consumers.

Additionally, Egypt is aiming to increase its sustainability projects to 50% through launching a package of incentives and initiatives which support the green transition and renewable energy.

Abu Qir launches a new company with EGP10 billion investments

Abu Qir Fertilizers established a new company named North Abu Qir for Agricultural Nutrients, with an authorized capital of LE 10 billion and paid-up capital of LE 1 billion.