The project also aims to attract investors to establish a green hydrogen production plant with investments estimated at between $2 and $3 billion, according to a statement by Mohamed El Hommosani, the Official Spokesman for the Egyptian Cabinet.
The shipments will depart from the liquefaction stations in Idku and Damietta in mid-December 2023
The EIB’s choice to establish its new headquarters in Egypt reflects its confidence in the robust relations between the country and its EU partners
The European Union has initiated logistical support for Egypt, with El-Arish Airport in northern Sinai designated as a logistics center.
Madbouly affirmed Egypt's aspiration to work with that company in this project, which he described as strategic for Egypt and Europe
