The Sovereign Fund of Egypt (TSFE) has signed four agreements worth a total of $33 billion with European developers for the production of green ammonia.

Nile University and the Green Hydrogen Organization (GH2) have signed an agreement to establish an international center for green hydrogen, as per a statement on June 30th.

Minister of International Cooperation Rania Al-Mashat and German Ambassador to Egypt Frank Hartmann have penned a cooperation agreement worth €103.5 million to fund three development programs across Egypt.

The General Authority for the Suez Canal Economic Zone (SCZone), the Sovereign Fund of Egypt (TSFE), the East Port Said Development Company, and Volkswagen Africa have inked an agreement to conduct a feasibility study for automotive manufacturing in East Port Said.

Egypt has inked four financing agreements to be funded via grants from the European Union (EU).

Egypt has signed the first tranche worth €1 billion under the macro-financial assistance agreement (MFA) with the European Union (EU).

The Egyptian Petrochemicals Holding Company (ECHEM), Misr Fertilizers Production Company (MOPCO), and the Norwegian companies SCATEC and Yara International have penned an agreement for the production of green ammonia in Damietta.

The Sovereign Fund of Egypt (TSFE), Orascom Construction, Norway’s SCATEC, and Abu Dhabi-based Fertiglobe have signed an agreement for a green hydrogen production project with a capacity of 100 megawatts at Sokhna Port.

The New and Renewable Energy Authority (NREA) and the Red Sea Port Authority has inked an agreement with a consortium of France’s EDF Renewables and the Egyptian Emirati Zero Waste to produce green hydrogen and its derivative and green ammonia in the Ras Shokeir area.

The New and Renewable Energy Authority (NREA) and Alexandria Port Authority have signed an agreement with an international consortium led by the Belgian Deme Hydrogen Energy NV to produce green hydrogen and its derivatives, and green ammonia in the Jarjoub area.

Egypt has signed a total of 29 agreements and memoranda of understanding (MoUs) worth €49 billion with the companies affiliated with the European Union (EU) during the Egypt-EU Investment Conference.