Egypt has partnered with France's EDF and UAE-based Zero Waste in a groundbreaking €7 billion agreement to establish a large-scale green hydrogen project near the Gulf of Suez. The main objective of this initiative is to produce over one million tons of green ammonia annually, primarily for use as shipping fuel for vessels passing through the Suez Canal. Spanning across 420 sq km, the project will incorporate wind and solar power facilities to support its operations. Additionally, the consortium plans to build a 400m-long shipping dock for the Red Sea Ports Authority and set up a seawater desalination unit to ensure efficient project execution. This project marks a significant move towards promoting sustainable energy practices and decarbonizing the shipping industry in the region, showcasing the commitment of Egypt towards leveraging renewable energy sources.