21 Sep 2022

The Egyptian President, after a meeting with Maersk’s CEO, issued directives for the Egyptian government to begin cooperating with Maersk on a new mega-project. With investments of USD15bn, the project aims to produce green fuel in Egypt for ships and will result in the creation of over 100,000 jobs. The project also involves building an integrated national network for the production and transmission of green fuels that will be used by ships. Maersk’s CEO said that current development taking place in the Suez Canal region in the green energy field will result in Egypt becoming a regional hub for the production and supply of green fuel for ships. (Sources: Reuters (English), State Information Service (English), Zawya (English) (Arabic), al-Ahram (English) (Arabic), Daily News Egypt (English), Egypt Today (English), Forbes Middle East (English) (Arabic), al-Arabiya (English) (Arabic), Xinhua (English), al-Maal, al-Youm al-Saabe, al-Masry al-Youm, al-Shurouk, al-Watan, al-Dustour, Sada el-Balad, Aswaq Information, CNBC Arabia, Sky News Arabia)