Egypt’s First Green Industrial Complex to Be Developed in New Alamein
Developed at a value of EGP 12 billion, the complex will span an area of 400,000 square metres.
The Egyptian government will invest EGP 12 billion in developing the country’s first green industrial complex in New Alamein.
The complex is set to span an area of 400,000 square metres and provide around 2,000 direct job opportunities. The complex will begin production in the second quarter of 2025.
The complex will also focus on developing products locally in Egypt, and aims to export its products to Africa, Asia and the Middle East.
The project is part of the government’s larger strategy to localise industry and shift towards greater environmental stability. To this end, Egypt signed several MoUs in February 2024 to increase investment in green hydrogen and renewable energy. These agreements are expected to bring in USD 41 billion worth of investments over the next decade.
- Previous Article New Model to Track Fisheries & Marine Life Developed in Fujairah
- Next Article Travel Across History on Egypt's Most Iconic Bridges
Related Articles
Trending This Week
SceneNow TV
Events Calendar
