CAIRO, Jan 23 (MENA) - Finance Minister Ahmed Kouchouk said Egypt seeks to scale up reliance on renewable energy sources through the expansion of green investments.

The move can be made via the encouragement of the private sector to lead initiatives of green economy in order to enhance the sustainability goals and climate change adaptation efforts, said Kouchouk as quoted in an official press statement.

This will mainly contribute to boosting Egypt's regional role in clean energy, he added in a session, themed "growth of Middle East and North Africa" on the sidelines of the World Economic Forum 2025 annual meeting or Davos 2025.

The minister said the Egyptian economy will be improving with the continuation of economic and structural reforms and the growth of the private sector.

An important goal of the Finance Ministry is to increase the competitive edge of the Egyptian economy, with an emphasis on the industry and exportation fields, according to him.

The Egyptian government is stimulating long-term investments in education and the smart infrastructure to build an economy that is based on knowledge, he said.

Kouchouk underscored the necessity of coordinating regional efforts and promoting economic cooperation to face the risk of any disruption in global supply chains.

He also called for strengthening economic integration regionally through the development of trade and investments in infrastructure and the exchange of know-how in digital technology fields. (MENA)
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