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Egypt’s Suez Canal signs $15.6bn deal for green hydrogen manufacturing

Egypt’s Suez Canal Economic Zone has signed a $15.6 billion agreement with prominent Chinese companies to boost green fuel manufacturing initiatives.   The agreements are set to produce around 9,000 job opportunities and encompass the establishment of 11 projects, according to the Chairman of SCZONE Walid Gamal El-Din.  This deal is reflective of a continual effort in recent months by Egypt to partner with international entities to produce green hydrogen and its derivatives in the Suez Canal Zone. 

Link: https://www.arabnews.com/node/2404686/business-economy

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