Egypt owns all the potentials to carry out developed projects in energy sphere, especially new and renewable energy, affirmed Trade and Industry Minister Mounir Fakhry Abdel-Nour.
Several foreign and Arab companies submitted requests to carry out projects in Egypt, Abdel-Nour added during the opening two production lines in Egypt company for the manufacture of compact substations at the factories complex in the 10th of Ramadan City.
The government is keen on offering more incentives to encourage local or foreign companies to invest in this vital sector, the minister added.
These projects would contribute to solving the energy crisis in Egypt, he went on to say.