Representational image. Credit: Canva

Egypt has entered into a landmark €7 billion (~$7.58 billion) agreement with France’s EDF and UAE-based Zero Waste to develop a large-scale green hydrogen project near the Gulf of Suez. The initiative aims to produce over one million tons of green ammonia annually, primarily for use as shipping fuel for vessels navigating the Suez Canal.

Spanning 420 sq km, the project will integrate wind and solar power facilities to support its operations. Additionally, the consortium plans to construct a 400m-long shipping dock for the Red Sea Ports Authority and establish a seawater desalination unit to ensure efficient project execution.