Egypt: President El-Sisi Meets the Chief Executive Officer (CEO) of the Norwegian Company Scatec ASA

Egypt: President El-Sisi Meets the Chief Executive Officer (CEO) of the Norwegian Company Scatec ASA

Today, President Abdel Fattah El-Sisi met with CEO of the Norwegian Company Scatec ASA, Mr. Terje Pilskog. The meeting was also attended by Prime Minister, Dr. Mostafa Madbouly, and Minister of Electricity and Renewable Energy, Dr. Mohamed Shaker as well as member of the Board of Directors of the company, Mr. Mikkel Tørud, General Manager of the Middle East and North Africa region of the company, Mr. Mohamed Amer, and the Norwegian Ambassador in Cairo, Ms. Hilde Klemetsdal.

The Spokesman for the Presidency, Counselor Ahmed Fahmy, stated that the meeting followed-up on Scatec’s growing investments in new and renewable energy, hydrogen and green fuel projects in Egypt. This included the green hydrogen production project in Ain Sokhna, which had already begun production for the first phase, making Egypt the first country in Africa to produce green hydrogen. Other projects included two green ammonia co-production projects, in the Suez Canal economic zone with investments of approximately $6 billion and in Damietta with investments of about $870 million. Another project is the 5 GW wind project, with investments of $5.6 billion over several phases in the coming years, in addition to the "green methanol" joint production project in Damietta, with investments of about