Alfanar Signs MoU to Establish Green Hydrogen Project Worth $3.5B in Egypt
Saudi Arabia’s Alfanar announced that it has signed a memorandum of understanding (MoU) with Egypt to establish a green hydrogen project worth $3.5 billion in Ain El-Sokhna.
Saudi Arabia’s Alfanar announced that it has signed a memorandum of understanding (MoU) with Egypt to establish a green hydrogen project worth $3.5 billion in Ain El-Sokhna.
The agreement aims to shift towards increased dependence on renewable energy sources, in line with Saudi Vision 2030.
The Arab Petroleum Investment Corporation (APICORP) has inked a strategic five-year Murabaha financing facility worth $75 million with Alfanar Company.
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