Egypt and France have signed a cooperation agreement to establish an integrated green hydrogen and ammonia production facility in Ras Shukheir, Egypt. The project, led by the Red Sea Ports Authority and the New and Renewable Energy Authority in partnership with the Green Fuel Alliance, aims to produce 1 million tons of green ammonia annually for clean ship fuel and export markets. This initiative, witnessed during French President Macron's visit, reflects strong political and economic ties between the two countries. The project involves no financial burden on the state, with full private sector financing amounting to €7 billion. It is set to create jobs, generate revenue for the state, and promote sustainable energy development. The agreement also focuses on training Egyptian workers and achieving high local workforce participation. With phases starting in 2029, the project underscores Egypt's commitment to becoming a regional and global hub for green fuels.