Egypt Signs Agreements Worth $33 billion for Green Ammonia with European Developers ...Egypt

  Egypt’s sovereign fund has signed four agreements totaling USD 33 billion (EGP 1.5 trillion) in green ammonia projects with European developers, according to a cabinet statement released on Sunday, 30 June.  The agreements were signed during the Egypt-EU Investment Conference in Cairo, with Prime Minister Mostafa Madbouly, Egyptian Minister of Electricity and Renewable Energy Mohammed Shaker Al-Marqabi, and Minister of Planning and Economic Development Hala El-Said in attendance. The first agreement was signed with DAI Infrastructure, a Frankfurt-based infrastructure investment firm, worth USD 11 billion (EGP 527 billion), to develop a green ammonia project at East Port Said.  The second a

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