This came during the members of the Egyptian-Indian Business Council's meeting with Minister of Investment and Foreign Trade, Hassan El-Khatib.
Esmat affirmed Saudi Arabia's backing for the project, stating that progress continues on both ends in accordance with the agreed timeline.
This project will secure the hydrogen supplies necessary for ammonia production.
The value of trade exchange between Egypt and Serbia increased to reach $120.4 million in 2023, compared to $104.7 million in 2022, an increase of 15%.
Additionally, the source added that the first operation phase will start in July 2025, for $1.8 billion.
