India’s Ocior Energy company has signed contracts to invest four billion dollars into the production of green hydrogen in the Suez Canal Economic Zone in Egypt, provided that the final contracts for the project are concluded within several months, The AshramOnline reported.
The economic zone of the Suez Canal in Egypt includes four industrial zones: East Port Said, West Qantara, East Ismailia, and Sokhna, in addition to six ports: West Port Said, East Port Said, Arish, Adabiya, Sokhna, and Al Tur. Final contracts are expected to be signed within months, Yahya El-Wathiq Billah, head of the Commercial Representation Authority at Egypt’s Ministry of Trade and Industry, told Asharq Business.
The project is planned to be completed in six years, El-Wathiq Billah added.
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