Egypt, Italy sign cooperation agreement to advance biogas production

The signing ceremony was attended by Petroleum Minister Karim Badawi, Local Development Minister and Acting Environment Minister Manal Awad, and Port Said Governor Mohab Habashi Khalil. Facebook/Egyptian Cabinet
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Updated 28 October 2025
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Egypt, Italy sign cooperation agreement to advance biogas production

RIYADH: Egypt’s Ministry of Environment, through the Bioenergy Foundation for Sustainable Development, signed a cooperation agreement with Italian energy company Eni to advance biogas production and support the country’s clean energy transition.

The agreement, signed in Port Said, aims to prepare a comprehensive feasibility study for establishing biogas production units that process agricultural and animal waste, the Petroleum and Mineral Resources Ministry said in a statement. 

The signing ceremony was attended by Petroleum Minister Karim Badawi, Local Development Minister and Acting Environment Minister Manal Awad, and Port Said Governor Mohab Habashi Khalil. 

Representing the parties were Yasser Abdullah, chairman of the foundation’s board of trustees, and Andrea Marsanich, Eni’s carbon offset solutions manager. The event was also attended by Francesco Gaspari, managing director of AIOC, Eni’s Egyptian subsidiary. 

The initiative aligns with Eni’s €24 billion ($26.2 billion) regional investment plan in Algeria, Libya, and Egypt over the next four years, part of the Italian government’s Mattei Plan to strengthen economic and energy ties with Africa. 

In an official post, the Ministry of Petroleum and Mineral Resources, stated: “Karim Badawi, Minister of Petroleum and Mineral Resources, emphasized the importance of utilizing this advanced technology in all governorates of the republic.” 

It added: “He noted that the petroleum sector is ready to provide all necessary support and contribute effectively to the implementation of sustainable development projects, most notably biogas units, through sector companies spread across the country in cooperation with foreign petroleum companies operating in Egypt.” 

Badawi added that this support forms an integral part of the sector’s corporate social responsibility toward communities near petroleum operations, aiming to promote local development and improve resource efficiency. 

Awad said the agreement reflects Egypt’s push to expand public–private partnerships and international cooperation to promote biogas technology, reduce emissions, and generate sustainable energy from agricultural and animal waste. 

She also emphasized plans to replicate the model in governorates with high organic waste volumes under Egypt’s National Agricultural Waste Strategy. 

The foundation, established in 2015 in cooperation with the UN Development Programme, operates under the supervision of the Ministry of Social Solidarity. It supports biogas technologies through technical assistance and pilot projects across Egypt. 


Saudi Arabia set to attract $500bn in private investment, Al-Falih tells conference

Updated 09 December 2025
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Saudi Arabia set to attract $500bn in private investment, Al-Falih tells conference

RIYADH: Sustainability, technology, and financial models were among the core topics discussed by financial leaders during the first day of the Momentum 2025 Development Finance Conference in Riyadh.

The three-day event features more than 100 speakers and over 20 exhibitors, with the central theme revolving around how development financial institutions can propel economic growth.

Speaking during a panel titled “The Sustainable Investment Opportunity,” Saudi Investment Minister Khalid Al-Falih elaborated on the significant investment progress made in the Kingdom.

“We estimate in the midterm of 2030 or maybe a couple of years more or so, about $1 trillion of infrastructure investment,” he said, adding: “We estimate, as a minimum, 40 percent of this infrastructure is going to be financed by the private sector, so we’re talking in the next few years $400 (billion) to $500 billion.”

The minister drew a correlation between the scale of investment needs and rising global energy demand, especially as artificial intelligence continues to evolve within data processing and digital infrastructure in global spheres.

“The world demand of energy is continuing to grow and is going to grow faster with the advent of the AI processing requirements (…) so our target of the electricity sector is 50 percent from renewables, and 50 percent from gas,” he added.

Al-Falih underscored the importance of AI as a key sector within Saudi Arabia’s development and investment strategy. He made note of the scale of capital expected to go into the sector in coming years, saying: “We have set a very aggressive, but we believe an achievable target, for AI, and we estimate in the short term about $30 billion immediately of investments.”

This emphasis on long-term investment and sustainability targets was echoed across panels at Momentum 2025, during which discussions on essential partnerships between public and private sectors were highlighted.

The shared ambition of translating the Kingdom’s goals into tangible outcomes was particularly essential within the banking sector, as it plays a central role in facilitating both projects and partnerships.

During the “Champions of Sectoral Transformation: Development Funds and Their Ecosystems” panel, Saudi National Bank CEO Tareq Al-Sadhan shed light on the importance of partnerships facilitated via financial institutions.

He explained how they help manage risk while supporting the Kingdom’s ambitions.

“We have different models that we are working on with development funds. We co-financed in certain projects where we see the risk is higher in terms of going alone as a bank to support a certain project,” the CEO said.

Al-Sadhan referred to the role of development funds as an enabler for banks to expand their participation and support for projects without assuming major risk.

“The role of the development fund definitely is to give more comfort to the banking sector to also extend the support … we don’t compete with each other; we always complement each other” he added.