Egypt signed a €7 billion (~$7.58 billion) agreement with France’s EDF and the United Arab Emirates-based Zero Waste to develop a green hydrogen project near the Gulf of Suez. The facility aims to produce over one million tons of green ammonia annually, primarily as shipping fuel for vessels using the Suez Canal. The project will include wind and solar power facilities covering 420 sq km. The consortium will also construct a 400 m-long shipping dock for the Red Sea Ports Authority and establish a seawater desalination unit to support the project’s operations.