• Egypt signs $220 million deal with investors from UAE, Bahrain, and China.

• Project will build solar cells, panels, and a storage plant on 200,000 m² in three years.

• Atom Solar Egypt to create 841 jobs and boost the Suez Canal zone as a clean energy hub.

Egypt signed a $220 million deal yesterday with investors from the United Arab Emirates, Bahrain, and China for the “Atom Solar Egypt” project. The latter will be carried out over three years and is expected to generate 841 direct jobs in the Egyptian market.

According to the government, the plan involves building an integrated industrial complex covering 200,000 square meters. It will produce solar cells with a capacity of 2 gigawatts, solar panels of 2 gigawatts, and an energy storage systems plant with a capacity of 1 gigawatt-hour.

The agreement comes as Egypt seeks to improve its business climate and establish a favorable environment to attract more investment, especially in advanced industries. The goal is to strengthen the country’s role as a strategic production and export hub for regional and international markets.

The government also plans to expand renewable energy nationwide and position the Suez Canal Economic Zone as an industrial and investment hub for clean energy.

Walid Gamal El-Din, chairman of the General Authority for the Suez Canal Economic Zone, said Atom Solar Egypt opens major opportunities for integrated supply chains in new and renewable energy. The project, he added, will reinforce Egypt’s position as a platform for green industries while contributing to sustainable development goals and Egypt Vision 2030.