CAIRO – Egyptian Prime Minister Moustafa Madbouli on Sunday attended the signing ceremony of four agreements in the domain of green ammonia between the Sovereign Fund of Egypt and a number of European developers, with a total investment cost of 33 billion dollars.
Minister of Electricity and Renewable Energy Mohamed Shaker and Minister of Planning and Economic Development Hala Elsaid attended the signing ceremony that took place on the sidelines of the Egypt-EU Investment Conference, which kicked off Saturday in Cairo.
The contract was signed by General Authority for Suez Canal Economic Zone (SCZone) Chairman Waled Gamal El Dien, Sovereign Fund of Egypt CEO Ayman Soliman and New and Renewable Energy Authority (NREA) CEO Mohamed el Khayat.
The first agreement was signed with DAI Infrastruktur to set up green ammonia project in East Port Said port, at a total value of 11 billion dollars.
At a total investment cost worth 4.250 billion dollars, the second agreement was signed with Ocior Energy company to establish green ammonia project in Sokhna port.
Sealed with TAQA Arabia and Voltalia company, the 3.460-billion-dollar worth third agreement aims to set up green ammonia project in Sokhna port.
Agreement no. four was signed with British Petroleum (BP), Infinity Power, MASDAR and Hassam Allam Holding, at an investment cost of 14 billion dollars, to establish green ammonia project in Sokhna port.
