Hassan El-Khatib, Egypt's Minister of Investment and Foreign Trade, met with Shihab Kuran, founder and CEO of the US-based Power Edison, to explore potential collaboration in sustainable energy solutions. The meeting was also attended by Hossam Heiba, CEO of the General Authority for Investment and Free Zones. El-Khatib emphasized Egypt's commitment to localizing energy industries and transferring advanced technologies.
On December 21, 2025, Hassan El-Khatib, Egypt's Minister of Investment and Foreign Trade, met with Shihab Kuran, founder and CEO of the US-based Power Edison company, to discuss potential collaboration in sustainable energy solutions. The meeting, attended by Hossam Heiba, CEO of the General Authority for Investment and Free Zones (GAFI), highlighted Egypt's push to become a regional energy hub through localized industries, technology transfers, and job creation.
El-Khatib stressed Egypt's competitive advantages and commitment to sustainable resources, particularly solar energy. "Egypt aims to enhance the utilization of sustainable energy resources, with a particular focus on solar energy," he said. He noted the country's readiness to attract investments via investor-friendly policies, with the ministry prepared to offer full support. The minister pointed out Egypt's $550 billion investment in recent years to upgrade infrastructure and enact comprehensive economic reforms, including fiscal, monetary, and trade policy amendments, which have improved key economic indicators.
He also discussed the ministry's digital transformation efforts, such as launching a unified digital platform for investment and trade procedures. "This platform helps eliminate bureaucracy, enhances the investment climate, and boosts competitiveness," El-Khatib stated. Egypt's economic strategy prioritizes a leading role for the private sector, with the state focusing on coordination and facilitation.
Kuran expressed Power Edison's strong interest in the Egyptian market, including a feasibility study for local manufacturing. The study would evaluate production lines in Egypt to meet domestic and regional export needs, and explore partnerships with Egyptian firms in batteries, transformers, electrical distribution equipment, trailers, power cables, and control systems. He praised Egypt's exceptional solar potential as a draw for global companies and affirmed the firm's readiness to collaborate on regional projects, including Gaza reconstruction initiatives.