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• $64B secured in green hydrogen investments: SCZONE aims to produce 18M tons of green hydrogen annually through 12 finalized agreements.
• Strategic location boosts investment: Positioned on a trade route handling 12% of global commerce, SCZONE leverages its infrastructure for growth.
• Broader investment opportunities: SCZONE is expanding into green fuels, electric vehicles, and pharmaceutical manufacturing.

The Suez Canal Economic Zone (SCZONE) has finalized $64 billion in green hydrogen investments through 12 framework agreements, aiming to produce 18 million tons of green hydrogen annually. Chairperson Waleid Gamal El-Din highlighted these milestones during a meeting with Egyptian Prime Minister Mostafa Madbouly, emphasizing SCZONE’s strategic role in the global green energy transition.

“The SCZONE is committed to localizing the green hydrogen industry within the economic zone’s industrial areas and ports,” said Gamal El-Din.

Strategic Growth:

SCZONE spans 455 square kilometers, featuring six major ports and four industrial areas. It facilitates 12% of global trade via the Suez Canal, with 26,000 vessels annually passing through. This positioning has attracted 400 operational facilities and created 100,000 direct and indirect jobs.

Key projects include:

• A proposed green hydrogen production complex.
• Investments in electrolyser components, wind turbines, and solar panels.
• A focus on ship bunkering infrastructure to meet global demand for green fuels.

Related Article: Microsoft and ESB Launch Green Hydrogen Pilot to Power Dublin Data Centre

Broader Investments:

Beyond green hydrogen, SCZONE is targeting growth in electric vehicles, pharmaceutical manufacturing, and sustainable building materials.

“Our initiative addresses rising global demand for green fuels while leveraging the Suez Canal’s strategic advantages,” Gamal El-Din noted.

Infrastructure Developments:

SCZONE is advancing several logistics and infrastructure projects:

• A four-phase water desalination plant in Sokhna, with operations for the first phase slated for 2026.
• A logistics corridor and tank farm to support trade operations.
• A liquid cargo terminal and gas network project at Sokhna Port.

These initiatives underscore SCZONE’s mission to become a global hub for sustainable industry and trade.

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