The Suez Canal Economic Zone (SCZONE) has signed $15.6 billion in agreements with Chinese investors for 11 manufacturing and green hydrogen projects, according to the Egyptian government’s state information service.
The new projects, which are expected to create around 9,000 jobs, include building quays and handling areas. Further details about the projects and the investors are not disclosed.
Egypt, which has inked several deals in recent months with international partners to produce green hydrogen and its derivatives in the SCZONE, aims to reduce carbon emissions and promote the use of renewable and alternative energy sources, including green hydrogen.
