Egypt's Prime Minister Mostafa Madbouly led a meeting to assess a green hydrogen and ammonia production project planned for the Gulf of Suez. The 'Green Fuel Alliance' project, a joint venture by the Ministries of Transport and Electricity, aims to produce green ammonia cost-effectively. The meeting discussed the project's plan and production capacity. The initiative is part of Egypt's strategy to shift towards renewable energy sources and reduce carbon emissions. Prime Minister Madbouly highlighted the importance of green fuel projects in Egypt, emphasizing their alignment with the country's energy sector strategy. The project seeks to enhance local green ammonia production and position Egypt as a hub for green hydrogen. It also aims to attract investments by offering incentives and leveraging renewable energy sources. The state envisions utilizing the project's output as green fuel for ships at the Suez Canal and for export to global markets, ultimately establishing Egypt as a key player in the energy trade. The project's phased implementation underscores Egypt's commitment to sustainability and economic growth.