China invests in Egypt to produce green hydrogen

The Chairman of the Board of Directors of the “China International Energy” Group, Liu Zhixiang, announced the company’s intention to pump investments ranging from 5 to 8 billion dollars to establish a huge green hydrogen production project in Egypt.

Zhixiang added, during a meeting with Egyptian President Abdel Fattah El-Sisi, on March 11, that the expansion in Egypt during the next stage comes due to what the company has closely monitored in terms of the qualitative development in the size and quality of the infrastructure and industrial facilities that have been built and modernized in the country during the past few years.

The Chairman of the Board of Directors of the Chinese group stated that the development witnessed by Egypt in the recent period provided new investment opportunities that were not available before, pointing to the tangible improvement that occurred in the road network, transportation and communications, new cities, sea ports, and in the areas of desalination plants. Water treatment, electricity, and new and renewable energy

Aasem Abuzeid

Aasem Abuzeid

Aasem Abuzeid is the Director for MENA Region. He acts as a leading marketer in Arabic-speaking countries. He is also the COO and lead-developer of NBN.
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