Belgium's DEME to invest $3 bln in Egypt hydrogen project -cabinet
25/10/2023 12:19
CAIRO, Oct 25 (Reuters) - The first phase of Belgium's
DEME's investments in Egypt's Gargoub Port green hydrogen
project will be worth of $3 billion, Egypt's cabinet announced
on Wednesday.
CEO Luc Vandenbulcke said DEME is interested in expanding
green hydrogen projects in Egypt in a meeting with Egypt's Prime
Minister Mostafa Madbouly, the cabinet said in a statement.
The project will be developed in three phases, it added.
(Reporting by Momen Saeed Atalla, writing by Ahmed Elimam;
editing by Jason Neely)
((Ahmed.Elimam@thomsonreuters.com;))