The Egypt-EU Investment Conference held in Cairo on 29-30 June saw a slew of big-ticket announcements, though when Egypt comes to count the cash, it’s safe to say that the takings will be an order of magnitude less than the headline €67.7bn investment figure touted by Egyptian state media.
The latter ‘deals’, for which the formerly Brussels-based new foreign minister Badr Abdel Aty has been quick to take credit (MEES, 5 July) almost all relate to early-stage green hydrogen projects which for the most part have previously been announced and for the most part are unlikely to go ahead (MEES, 5 July). (CONTINUED - 259 WORDS)
