CAIRO - 30 January 2024: The Egyptian government succeeded in attracting billions worth of investments in 2023, and they are mostly concentrated in the sectors of green energy, logistics, and IT, capitalizing on the unique location of Egypt in the world. AugustOcior Energy signed an initial contract with the Egyptian government to set up a $4 billion green hydrogen plant in SCZone. Its annual handling capacity is 120,000 containers, 2.5 million tons of dry cargo, and 4.2 million tons of general cargo. The green hydrogen produced will be used to generate 1.2 million tons of green ammonia per annum. Also, the SCzone and China's United Energy signed an agreement to establish an $8-billion a potassium chloride production facility whose capacity will be 4.1 million tons per annum.
