During the Egyptian-European Investment Conference in Cairo, President Abdel Fattah el-Sisi and European Commission President Ursula von der Leyen inaugurated a pivotal cooperation agreement focusing on green hydrogen production in the Ras Shuqair region. The agreement involved the Red Sea Ports Authority, the New and Renewable Energy Authority, and a consortium comprising EDF Renewables and Zero Waste. This initiative, aligned with Egypt's vision to localize the green hydrogen industry, does not require state infrastructure or financial commitments. With a total project cost estimated at €7 billion, the venture is anticipated to create over a million tons of green ammonia annually, with significant economic benefits. The project aims to position Egypt as a regional energy hub, reduce carbon emissions, and generate employment opportunities. By fostering sustainable energy solutions and economic diversification, Egypt demonstrates its leadership in the global green energy landscape.