A consortium of investors from Egypt, China, Bahrain, and the United Arab Emirates has signed a land usufruct agreement to establish a large-scale, fully integrated solar industrial complex in Egypt.

The Atom Solar Egypt project will include facilities capable of producing 2 GW of solar cells, 2 GW of solar panels, and 1 GWh of energy storage capacity. Spanning more than 200,000 square meters in the Sokhna Industrial Zone, part of the Suez Canal Economic Zone, the complex will be developed over a three-year period, covering construction and trial operations.

The land contract was signed in the presence of Egyptian Prime Minister Mostafa Madbouly. According to the State Information Service (SIS), the $220 million investment brings together Egypt’s AH, China’s JA Solar, the UAE’s Global South Utilities, and Bahrain’s Infinity Capital.

Output from the solar cell factory will primarily target international markets with rising demand, while the solar panel factory will supply both Egypt and regional markets across the Middle East and Africa.

The project also aims to boost local content, with plans to source key materials such as aluminium and glass from Egyptian suppliers. Once operational, the facility is expected to create 841 direct jobs.