Egypt Inks $40 Billion Deals with Global Investors for Renewable Energy ...Egypt

Egypt sealed agreements with seven global developers on 28 February for green hydrogen and renewable energy projects, expected to attract investments totalling USD 40 billion (EGP 1.2 trillion). The inked Memoranda of Understanding (MOUs), announced by the country’s cabinet through a Facebook statement, are expected to create significant strides towards sustainable energy initiatives over the next decade. Prime Minister Mostafa Madbouly presided over the signing ceremony, accompanied by Minister of Electricity and Renewable Energy Mohamed Shaker and Minister of Planning and Economic Development Hala El-Said. “El-Saeed clarified that the Fund succeeded months ago in launching Africa’s first i

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