“Energy – especially renewable and clean energy – is a cornerstone of our cooperation,” he said. “Swedish companies bring advanced technologies and decades of experience in sustainable energy solutions, while Egypt offers scale, strong potential and regional connectivity. The initiative marks a milestone in regional energy integration and highlights Sweden’s technological leadership in high-voltage transmission systems. Such a move would enable Egypt to export electricity to the European market, reinforcing its ambition to become a regional energy hub. The government does not directly invest in overseas projects but supports companies through financial instruments provided by institutions such as the Swedish Export Credit Corporation (SEK).

Source: Daily News Egypt February 23, 2026 16:01 UTC