Call +1(917) 993 7467 or connect with one of our experts to get full access to the most comprehensive and verified construction projects happening in your area. 
Last Updated on 01
Egypt has signed seven Memoranda of Understanding (MoUs) with international developers in the fields of green hydrogen and renewable energy. These agreements, signed in the Suez Canal Economic Zone, could lead to a total investment worth around USD 40 billion over the next decade.
Image source: Daily news Egypt
The investment is expected to be carried out in two phases. There will be an investment of about USD 12 billion in the pilot phase and another USD 29 billion in the first phase. This substantial investment reflects Egypt's commitment to transitioning towards green energy and reducing its carbon footprint.
These MoUs are not the first of their kind. Over the past two years, Egypt has signed a series of memoranda of understanding and framework agreements for the development of green hydrogen. These agreements are part of Egypt's broader strategy to position itself as a hub for green hydrogen and renewable energy.
The signing of these MoUs is expected to have far-reaching implications. Not only will it contribute to global efforts to combat climate change, but it will also create jobs and stimulate economic growth in Egypt. Moreover, it will help diversify Egypt's energy mix, reducing its reliance on fossil fuels and enhancing its energy security.
A Switzerland-based renewable energy company. The company has confirmed its plans to develop 1 GW of electrolysis capacity to produce 830,000 metric tons of green ammonia.
Pash Global is a company focused on clean energy, acting as both an investor and developer in the sector. They work on projects around the world and have a specific focus on sustainable and cost-effective solutions.
Gama Construction is a company specializing in turnkey construction projects, primarily operating in the Middle East and North Africa (MENA) region. The company is also involved in the Centrale Electrique de l'Ouest Guyanais (CEOG) Hydrogen Power Project in French Guyana.
SK Ecoplant, a subsidiary of the South Korean SK Group, is a construction and engineering company with a strong focus on environmental solutions. Founded in 1977, the company boasts a long history of success in various fields
Gila Al Tawakol Electric, a prominent player in the Egyptian electrical industry, boasts a rich history dating back to 1892. Originally established as a trading company by Aldo Gila to represent international brands locally, the company experienced a significant transformation in 1975. Al Tawakol acquired Gila Electric, setting forth an ambitious vision to transform it into a leading force within the Middle East and North Africa (MENA) region.
AmmPower is a Canadian clean energy company dedicated to the development, production, and application of green ammonia.
United Energy Group (UEG), a Hong Kong-listed company, is primarily known for its oil & gas exploration and production (E&P) activities. However, they have recently shown interest in diversifying their portfolio by venturing into the green hydrogen space.
The primary objective of these MoUs is to foster the development of the green hydrogen and renewable energy sectors within Egypt. Green hydrogen, produced using renewable energy sources, is emerging as a key player in the global energy transition. By investing in this sector, Egypt is positioning itself at the forefront of this transition, ready to meet the increasing global demand for clean energy.
Furthermore, Egypt is making a strategic move to establish itself as a hub for green hydrogen and renewable energy. This aligns with the nation’s broader vision of becoming a major player in the global energy market. The Suez Canal Economic Zone, where these projects are likely to be based, is ideally located to facilitate the export of green hydrogen and other renewable energy products to markets in Europe and Asia.
Are you looking for a platform that gives you reliable, high-quality, timely project insights for the Latest Green Hydrogen (H2) Generation/Production Plant Projects in Egypt?
Discover the Global Project Tracking (GPT) platform by Blackridge Research, designed to provide you with the most recent updates regarding Green Hydrogen (H2) Generation/Production Plant Projects in Egypt and faster across various stages of development:
The user-friendly interface helps you obtain early-stage awareness of projects and find the right business opportunity quickly.
With its user-friendly interface, this platform empowers you to gain early-stage awareness of projects and swiftly identify the right business opportunities.
Each project will have all the essential details, such as scope, capacity, CapEx, status, project description, companies involved, funding information, location, periodic updates, important event dates like construction start date, commissioning dates, and key contact information of project owners and stakeholders.
The database is a vital resource for a wide range of entities, including energy companies, EPC companies, facility operation and maintenance (O&M) companies, consulting and advisory firms, investors, energy investment firms, project finance agencies, research and development organizations, regulatory bodies, and law firms.
Technology and Equipment Suppliers, Logistics and Marine Services Providers, Finance and Investment Firms, Regulatory Bodies and Government Authorities, Local Contractors and Service Providers, and Insurance and Risk Management Firms.
Book a Free demo to learn more about the Green Hydrogen (H2) Generation/Production Plant Projects and Tenders database and how we can help you achieve your goals.
News_Release 20th Nov 2023
News_Release 20th Nov 2023
News_Release 21st Nov 2023
News_Release 24th Nov 2023
News_Release 27th Nov 2023
News_Release 27th Nov 2023
