Germany's Power-to-X (PtX) Development Fund has signed a grant agreement worth €30 million with SCATEC for a green hydrogen project in Egypt. This initiative is part of a larger €270 million grant launched by the German Ministry of Economic Cooperation and Development to boost hydrogen production in seven countries, including Egypt. The project's primary goal is to enhance Egypt's strategy for scaling up green hydrogen production and transitioning to renewable energy sources, ultimately fostering economic development. Specifically, the project aims to drive the green transition in the Suez Canal Economic Zone (SCZONE) and lead the country towards climate neutrality in energy-intensive and resource-intensive industries. Anticipated outcomes include the creation of 1,330 job opportunities across the project phases and the annual production of 70,000 tons of green ammonia, along with 140,000 tons of carbon dioxide equivalent. This project sets the stage for sustainable industrial transition in Egypt. The grant agreement was signed during the Hamburg Sustainability Conference 2024, emphasizing the commitment to green energy transitions and the promotion of green hydrogen initiatives in Egypt.