Egypt's sovereign wealth fund has signed four green ammonia agreements worth up to $33 billion with European developers, aiming to boost renewable energy projects in the country. The agreements included partnerships with companies like DAI Infrastruktur and BP to establish green ammonia projects in East Port Said and Ain Sukhna Port. These initiatives align with Egypt's ambitious targets of increasing renewable energy generation to 58% by 2040, with a focus on solar, wind, and green hydrogen projects. The agreements were signed during the EU-Egypt Investment Conference, reflecting the strong economic collaboration between the two regions. Egypt's strategic location at the crossroads of Africa, the Middle East, and Europe, positions it as a key partner for the EU. The country plays a significant role in stabilizing the region, as highlighted by senior EU officials. Despite economic challenges like high inflation and government debt, Egypt is committed to driving economic growth through green initiatives, supported by partnerships with the EU. The agreements signify a positive step towards sustainable development and economic progress in Egypt.