Minister of Electricity and Renewable Energy Mahmoud Esmat asserted that the state has a strategy and action plan to support industrial localization and the transfer of modern technologies, with particular focus on localizing industries related to electrical power equipment as part of the broader vision for industrial development, the national energy strategy and the major projects being implemented in this sector.
Speaking on Tuesday, July 28, 2026, during the inauguration of a Siemens factory for the production of key electrical components and automation solutions for industries and infrastructure, Esmat said the government is keen to provide the necessary support in this field.
He pointed to the requirements and regulations being developed to increase the share of local components in renewable energy projects. The minister described Siemens as a successful partner that has operated in the Egyptian market for more than a century, highlighting the company’s investments in electricity, renewable energy, smart infrastructure, digital transformation and national projects.
These include major power plants, control centers, grid monitoring and operation systems and energy management programs using advanced technologies, as well as the transition from traditional grids to smart grids. Esmat said the newly inaugurated factory, which produces equipment, electrical components, protection panels, and other products, will initially serve the local market before expanding exports to the Middle East and Africa.
He added that the electricity sector supports expanding local manufacturing of renewable energy equipment and components to meet domestic demand and export to neighboring countries, as part of efforts to localize technology, strengthen domestic manufacturing, develop electricity infrastructure and provide advanced automation and digital transformation solutions.
The minister noted that the Ministry of Electricity supports models and partnerships based on mutual benefit, technology transfer and localization of modern technologies. He also highlighted the improved investment climate in Egypt and the country’s ongoing process of reconstruction, modernization and development across various sectors over the past decade.
The Inauguration of the State Strategic Command Headquarters “The Octagon” in the New Capital The Inauguration of the State Strategic Command Headquarters “The Octagon” in the New Capital