Minister Plenipotentiary Trade and Head of Commercial Representation Yahya Al Wathiq Billah has met with representatives from India’s Rana Group, a leading company in several economic sectors, such as electric vehicles, agricultural equipment, satellites, and sustainable energy, including green hydrogen.

The meeting discussed the company’s desire to establish a project to produce green hydrogen in Egypt, with expected investments amounting to $12 billion to be invested over the life of the project.

This visit comes within the framework of Rana Group’s desire to expand outside India, especially in the African continent, and aims to explore investment opportunities in Egypt in light of the meetings held by the Egyptian Commercial Office in New Delhi with officials of the Indian group. Rana Group expressed its desire to cooperate with Egyptian companies in various fields, including manufacturing electric vehicles and providing satellite services in agriculture, mining, oil, and gas.

Opportunities for cooperation in various fields were also discussed, along with the common desire to build strategic partnerships that enhance economic and technological development in both countries.