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Egypt is seeking more effective international partnerships to secure concessional financing for climate action and energy security, Finance Minister Ahmed Kouchouk said during a meeting with ACWA Power CEO Mohammad Abunayyan on the sidelines of the climate conference in Turkey.

The discussions focused on expanding cooperation in renewable energy, water desalination and sustainable infrastructure, with an emphasis on private-sector participation and technology transfer.

Private sector role in the green transition

Kouchouk reaffirmed the government’s commitment to strengthening the private sector’s contribution to national targets in new energy and water desalination, highlighting technology transfer as a key element of these efforts.

He noted that Egypt has introduced incentives and initiatives to encourage the transition toward a green economy, expand renewable energy projects and localize supporting industries.

Financing desalination and localizing technology

The minister explained that the government is working on attractive financing and investment packages to support desalination projects and develop local desalination industries.

He added that these efforts aim to maximize the economic returns of desalination investments while supporting the development of coastal areas.

Kouchouk also expressed Egypt’s interest in expanding cooperation with ACWA Power on technology transfer, describing the company as a strategic partner in sustainable infrastructure projects.