During a visit to India, Egypt's Minister of Investment and Foreign Trade engaged in discussions with OCIOR Energy regarding expanding clean energy investments in Egypt. The focus was on a proposed green ammonia facility in the Suez Canal Economic Zone, aiming to attract $4.2 billion in investments to generate clean energy for the shipping industry. The collaboration is seen as crucial for creating local jobs, ensuring energy reliability, and fostering long-term economic growth in Egypt. The Egyptian government is keen on positioning the country as a hub for green hydrogen and renewable investments due to its strategic location and existing infrastructure. Efforts are underway to streamline policies and provide investment support to facilitate the development of clean energy projects. This move aligns with the global shift towards sustainable energy practices, as evident from the increasing investments in clean energy surpassing traditional oil, gas, and coal spending. Egypt's Prime Minister expressed optimism about the forthcoming green hydrogen and ammonia facility, emphasizing its role in attracting more investments and advancing towards carbon neutrality. This initiative mirrors a broader trend of nations prioritizing green energy solutions; for instance, the United Arab Emirates launched a substantial fund for climate projects, while Japanese company ENEOS announced a significant investment in alternative fuels like hydrogen. Egypt's proactive stance towards clean energy reflects positive momentum in the global energy landscape, signaling a shift towards a more sustainable and eco-friendly future.