- Egypt Signs Solar Energy Project with UAE, Bahrain, and China
- Libya Cooperates with the United States to Develop the Oil and Clean Energy Sector
- Kuwait Consolidates Its Position in the Global Oil Market
- UAE Signs 15-Year LNG Sale Agreement with India
- Iraq Increases Refining Capacity to 1.3 Million Barrels per Day
- Egypt begins a comprehensive program to drill new natural gas wells in the Delta and the Mediterranean.
- Qatar threatens to cut off gas supplies to Europe over human rights and environmental law
- Oman Achieves Positive Indicators in Various Sectors Under the Ministry of Energy and Minerals
- Iraq Adds New Solar Power Plant Capacity
- Kuwaiti Oil Minister Affirms His Country's Support for Efforts to Stabilize Global Oil Market
Egypt Signs Solar Energy Project with UAE, Bahrain, and China
Egypt signed a land usufruct agreement with investors from the UAE, Bahrain, and China to establish an integrated industrial complex on an area of 200,000 square meters in the Sokhna Industrial Zone, with total investments of approximately EGP 11 billion.
The project will be implemented in three phases, including construction, pilot operation, and full production of solar cells, panels, and energy storage systems in the Suez Canal Economic Zone.
Egyptian Prime Minister Dr. Mostafa Madbouly witnessed the signing ceremony and stated that the complex will include a 2-gigawatt solar cell production plant, a 2-gigawatt solar panel production plant, and a 1-gigawatt-hour energy storage systems plant. It is expected to provide 841 direct jobs. Cell production will be entirely dedicated to export to global markets, while module production will be directed to the local market and markets in the Middle East and Africa.
The project reflects the government’s strong support for the economic zone’s efforts to attract quality investments, particularly in new and renewable energy projects.
For his part, Walid Gamal El Din, Chairman of the General Authority for the Suez Canal Economic Zone, explained that the project represents a qualitative leap towards localizing the solar energy industry in Egypt and building international partnerships that support the green economy. He emphasized that it opens up broad prospects for building integrated supply chains for the new and renewable energy sector and contributes to achieving sustainable development goals and Egypt’s Vision 2030.
Gamal El Din pointed out that the project not only attracts new investments, but also enhances the transfer of modern technology and the training of local talent, strengthening Egypt’s ability to compete regionally and globally in the field of green industries.
The project confirms the UAE’s pioneering role as a key player in shaping the future of renewable energy in the region and reflects its vision to launch pioneering investment initiatives that support Egypt’s Vision 2030 and open new horizons for regional industrial and economic cooperation.
