Al-Mashat concludes davos participation with meetings on development, energy, digital cooperation

Egyptian Minister Engages in Global Discourse at Davos 2025

A Glimpse into the Egyptian Strategic Vision

Rania Al-Mashat, Egypt’s Minister of Planning, Economic Development, and International Cooperation, wrapped up her participation at the World Economic Forum’s annual meeting, Davos 2025, in a whirlwind of engaging discussions. Her agenda was packed with meetings highlighting development, energy, and digital cooperation, underscoring the country’s progressive stance.

Meeting the Inter-American Development Bank

In pursuit of joint cooperation prospects, Minister Al-Mashat sat down with Alan Goldfajn, President of the Inter-American Development Bank. Their dialogue touched on the hurdles faced by emerging and developing economies, a pressing issue for many nations. A pivotal focus was also on boosting climate action to drive the green transition, encouraging sustainable economic development through environmentally friendly policies.

Climate Action and Green Investments

Al-Mashat and Goldfajn discussed the expansion of national platforms to support climate action. They aim to attract investments focused on green initiatives, a commendable approach that aligns well with the global push towards sustainability.

Highlighting Energy Initiatives with Hitachi Energy

Minister Al-Mashat also converged with Andreas Schierenbeck, CEO of Hitachi Energy. Their conversation revolved around Hitachi’s energy projects in Egypt, including its role in the electric link project between Egypt and Saudi Arabia. Such discussions reflect Egypt’s decisive move towards an energy-independent future.

Promoting Renewable Energy

A significant talking point was the Egyptian government’s robust agenda on renewable energy. Al-Mashat highlighted the implementation of the Integrated Sustainable Energy Strategy, aspiring to enhance the renewable energy share to 42% by 2035. Through initiatives like the "NWFE" programme, Egypt expects to propel 10 GW of renewable projects by 2028.

Digital Economy: Pioneering New Horizons

Furthermore, Al-Mashat had a productive exchange with Deemah Al-Yahya, Founding Secretary-General of the Digital Cooperation Organization (DCO). Their meeting focused on joint opportunities within the vibrant domain of the digital economy and innovation. This strategic focus is pivotal for boosting economic sustainability and fostering growth, a cornerstone of Egypt’s vision for a knowledge-based economy.

Fostering a Collaborative Digital Future

Established in 2020 by nine member countries, including Saudi Arabia, Morocco, and Pakistan, the DCO endeavors to promote teamwork through entrepreneurship and business expansion. Al-Mashat’s discussions helped solidify Egypt’s position at the forefront of digital transformation, encouraging a future-oriented economic structure.

Conclusion: A Future of Strategic Partnerships

Minister Rania Al-Mashat’s participation at Davos 2025 signifies Egypt’s proactive engagement with global partners. Through strategic alliances and dialogues in development, energy, and digital realms, Egypt is poised to make remarkable strides in its socio-economic fabric. With an eye on sustainable practices and innovation, the country is certainly marching towards a bright, energy-conscious future.