Kamel Ghribi, Chairman of GKSD Investment Holding and Vice-President of Gruppo San Donato (GSD), attended the Egypt Energy Show (EGYPES) 2025 in a significant move aimed at bolstering energy collaboration and sustainable development in the Mediterranean and North African regions.
His participation demonstrates a strong commitment to fostering equitable partnerships and exploring investment opportunities across various sectors, including energy, healthcare, infrastructure, and engineering.
A Hub for Energy Transformation
The Egypt Energy Show (EGYPES 2025), which was held under the esteemed patronage of President Abdel Fattah El-Sisi and supported by the Egyptian Ministry of Petroleum and Mineral Resources, has solidified its status as a premier energy platform for Africa, the Mediterranean, and the Middle East. The event was a nexus for strategic dialogue, industry collaboration, and innovation-driven investments.
Other notable dignitaries were also in attendance, including President Nikos Christodoulides of Cyprus and His Royal Highness Prince Abdulaziz bin Salman Al-Saud, Saudi Arabia's Minister of Energy. Their attendance highlighted the event's significance in promoting regional energy cooperation.
Kamel Ghribi's engagement at EGYPES 2025 was driven by a keen interest in advancing sustainable energy transformation in Egypt and across North Africa and the Mediterranean. Recognizing the immense potential of these regions, Ghribi emphasized the importance of generating investment opportunities and establishing equitable partnerships.
Landmark Agreements and Collaborative Efforts
EGYPES 2025 was marked by several landmark agreements that reinforce regional cooperation and a shared commitment to energy efficiency, sustainability, and natural gas development. Key highlights include:
Cronos Project Development: A Host Government Agreement was signed between Egypt and Cyprus for the Cronos Project, aiming to enhance gas development and energy security in the East Mediterranean.
Aphrodite Gas Field MoU: Egypt and Cyprus further solidified their partnership by signing a Memorandum of Understanding for the development of the Aphrodite gas field, underscoring a mutual dedication to natural gas advancement.
Egypt-Saudi Arabia Energy Efficiency Cooperation: An executive plan was established to bolster energy efficiency collaboration between Egypt and Saudi Arabia, focusing on adopting new technologies and fostering sustainable development.
Renewable Energy Projects: Saudi companies, including ACWA Power and Alfanar, announced five solar and wind energy projects in Egypt, with a combined capacity of 1.696 gigawatts and an investment of approximately $1.65 billion.
ACWA Power's Wind Energy Initiative: A Power Purchase Agreement was signed between ACWA Power and the Egyptian Electricity Transmission Company for a 2 GW wind energy project in South Hurghada, representing the largest of its kind in Egypt.
Saudi-Egypt Electricity Interconnection Project: With an investment of $1.8 billion, this project aims to enable the exchange of up to 3,000 megawatts of electricity upon completion, marking it as the largest initiative of its kind in the region.
More Talks on Healthcare and Infrastructure Initiatives
Beyond energy, Ghribi's visit to Egypt encompassed discussions on enhancing healthcare infrastructure. In Cairo, he engaged in fruitful dialogues with Deputy Prime Minister for Human Development and Minister of Health, Hon. Khaled Abdel Ghaffar, regarding the establishment of a new hospital in the city. This initiative aligns with GKSD-GSD's mission to provide quality healthcare services that cater to the diverse needs of the population.
Furthering this agenda, Ghribi met with Prime Minister Mostafa Madbouly to explore future collaborations in health, sustainable healthcare, education, and training. These discussions aim to implement systems that deliver comprehensive services, addressing the multifaceted requirements of different communities.
A Holistic Approach to Regional Development
Kamel Ghribi's visit to Egypt exemplifies a holistic approach to regional development. By intertwining efforts in energy transformation with advancements in healthcare and infrastructure, he advocates for a synergistic model of growth. This strategy not only seeks to elevate the standard of living within Egypt but also aspires to set a precedent for collaborative development across the Mediterranean and North African regions.
He strongly believes that sincerity and consistency define enduring partnerships and are fundamental factors in the development of strong relations; as such, he approached the discussions from the perspective of strategies that will promote continuing collaboration, not only between GKSD-GSD and the Government of Egypt but also the critical role business and investment plays in building strong ties both between Italy and Egypt and across all nations in general.