Egypt and France have finalized a significant agreement to establish an integrated green hydrogen and derivatives production complex in the Ras Shukeir region. This ambitious project, spanning three phases and attracting total investments of €7 billion, is set to position Egypt as a major global player in the clean energy market. Led by a private sector consortium, the initiative will produce up to one million tons of green ammonia annually. The first phase, commencing in 2029, will witness a direct investment of €2 billion to produce 300,000 tons of green ammonia yearly. Infrastructure developments will include solar and wind energy generation areas, a seawater desalination unit, and a loading berth at the Red Sea port. Notably, the project places no financial burden on the state and aims for up to 95% local labor participation. Besides economic benefits like revenue generation and job creation, the project will accelerate the localization of green energy technologies in Egypt and support sustainable global maritime logistics.