Informative Presentation on Egyptian Market by the Cyprus Trade Center in Cairo
We would like to inform you that on 24 November 2024 at 9:30 am, the Cyprus Trade Center in Cairo will hold a presentation, to inform you about the Egyptian market.
The presentation aims to provide information to Cypriot businesses on the general picture of the Egyptian economy and energy environment and to highlight the opportunities for exporting services and possibly products in the Renewable Energy Sources (RES) sector, with particular emphasis on solar water heater technology in Egypt
We would like to inform you that on 25 November 2024 at 9:30 am, the Cyprus Trade Center in Cairo will hold a presentation, to inform you about the Egyptian market.
The presentation aims to provide information to Cypriot businesses on the general picture of the Egyptian economy and energy environment and to highlight the opportunities for exporting services and possibly products in the Renewable Energy Sources (RES) sector, with particular emphasis on solar water heater technology in Egypt
It should be stressed that Egypt is a market with great potential due to the growing energy demand and high inflation that is putting pressure on energy prices. With a population of 120 million and an annual growth of 1.8%, the demand for affordable, renewable solutions is growing rapidly, making solar water heaters an ideal choice.
Egypt, committed to Vision 2030 and the Paris Agreement to reduce emissions, is looking for innovative solutions for sustainable energy, and Cypriot businesses can leverage their expertise in solar systems by establishing strategic partnerships.
In particular, the presentation will focus on the following points
• Current Economic Situation in Egypt: Strong FDI, IMF support, 20%inflation, and high currency risks make RE an attractive sector for stable ROI.
• Introduction to Egypt’s Energy Market: Egypt’s energy demand rises 5%yearly, impacted by a 1.8% population growth rate. Increased renewables needed to offset fossil fuel reliance.
• Renewable Energy in Egypt: Market Size & Potential: Current capacity of 6,709 MW with over USD 8 billion in investments; growth target of 42% RE share by 2040.
• Specifics of Solar Energy in Egypt: Solar power leads Egypt’s RE growth, with flagship projects like the 1.46GW Benban Solar Park.
• Solar Water Heaters: Niche Market: High demand for solar heaters, especially in urban markets valued at USD 500 million.
• Egypt’s Renewable Policy Landscape: Policies like 5-year tax holidays, VAT and duty exemptions support foreign entrants and local job creation.
• Strategic Opportunities for Cypriot Companies: Cypriot firms can leverage Egypt’s RE goals with high-quality products, partnerships, and market expertise.
Please note that the presentations will be made via zoom and invitations will be sent to all interested parties by the Trade Center. Therefore, please ensure that the information you fill in is correct.
Businesses interested in attending the presentation must complete and return the expression of interest, no later than 20/11/2024.
If you have any questions, please contact telephone numbers 22889749/52/69.
