Author: PPD Team Date: 10/04/2025
Egypt and France have signed an agreement to build a green hydrogen and derivatives complex, including green ammonia, in Ras Shukeir. The €7 billion project will be fully financed by the private sector and developed in three phases.
Once operational, the facility is expected to produce up to one million tonnes of green ammonia annually. The first phase, set to begin in 2029, will be led by EDF Renewables and Zero Waste. It will involve a direct investment of €2 billion and produce 300,000 tonnes of green ammonia per year.
The project will use 368 square kilometres of land for solar and wind power generation, along with 1.2 million square metres for plant infrastructure. A 7-kilometre transmission corridor, seawater desalination unit, and 400-metre loading berth at the Red Sea port will also be built and funded by the company.
Deputy Prime Minister Kamel Al-Wazir emphasised that the project involves no public funding, no use of national grid electricity, and places no financial burden on the state. The return on investment is projected over 50 years.
The Ministry of Transport will coordinate with other agencies to ensure compliance with national and environmental standards.
The project is expected to generate foreign currency through service fees, land use charges, export duties, and taxes. Thousands of jobs will be created during construction and operations, with up to 95% local workforce participation. It will also help localise green energy technologies, including electrolyzers and solar panels, and support green bunkering at the Suez Canal.