Egypt’s Suez Canal Economic Zone signs energy deals worth up to $14.75bln

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Reuters News

Egyptian fisherman work their nets near international cargo container ships anchored in the Suez canal in Ismailia, Egypt December 14, 2004.Image used for illustrative purposes. Getty Images/Scott Nelson

DUBAI – Egypt’s Suez Canal Economic Zone has signed a deal worth $6.75 billion with China Energy for green ammonia and green hydrogen projects to be established in the Sokhna Industrial Zone, a cabinet statement said on Tuesday.

It also signed deal with Hong Kong-listed United Energy Group to establish a potassium chloride production complex with an expected investment of up to $8 billion, the statement said.

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