Egypt is actively diversifying its energy portfolio with a strong focus on solar and wind power. The nation is making significant investments in major renewable energy projects, including the Benban Solar Park-one of the largest globally-and increasing wind energy capacity, particularly around the Gulf of Suez. As Egypt continues to expand its renewable energy infrastructure, the demand for magnets is anticipated to grow in the coming years.
Additionally, the automotive industry is supporting the expansion of the permanent magnet market, influenced by the global transition to electric vehicles (EVs). Although Egypt’s EV sector is still emerging, government incentives promoting green transportation are in place, and the need for permanent magnets in EV motors is expected to rise alongside the sector’s growth.
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