Arab Finance: Engineer Hassan Al-Khatib, Minister of Investment and Foreign Trade, met with Giuseppe Stefani – General Manager of Deme Hyport Energy, where the meeting discussed investment opportunities and components in the Egyptian market, as well as developments in the company’s project in Egypt to produce green hydrogen and green ammonia, according to a description. statement cabinet.
The Minister stressed the keenness of the Ministry and its affiliated agencies to provide all aspects of support for the company’s project in Egypt to produce green hydrogen, its derivatives, and green ammonia in the Jarjoub region. This project represents great importance to the Egyptian state, and comes within the framework of its current trends to expand green energy projects.
For his part, Mr. Giuseppe Stefani – General Manager of Deme Hyport Energy, stressed the company’s keenness to be present and expand in the Egyptian market as it is one of the main investment destinations in the region, noting that the investment cost of the first phase of the company’s project in Egypt amounts to 3 billion euros, bringing the investment cost of the project as a whole to 24 billion. Euros for the three project phases.
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