Egypt on Wednesday signed a $220 million contract with investors from the UAE, Bahrain, and China to build a solar energy complex. The integrated facility will produce solar cells, panels, and energy storage systems in the Suez Canal Economic Zone, officials said.
The cabinet announced that the complex is designed to generate 2 gigawatts of solar cells and an equal capacity of panels. Officials described the project as a major step toward expanding Egypt’s renewable energy infrastructure and reducing reliance on traditional power sources.
Investors highlighted the facility’s potential to create jobs and stimulate local industries while positioning Egypt as a regional leader in clean energy. The Suez Canal Economic Zone was chosen for its strategic location and access to global shipping routes, facilitating the export of solar technology.
Construction is expected to integrate advanced technology from China and the Gulf, combining production efficiency with sustainable energy solutions for the region. Energy experts praised the deal as a sign of Egypt’s growing commitment to meeting climate targets and boosting green energy production.
This project comes amid a wider regional push for renewable energy, as nations across the Middle East seek to diversify energy portfolios rapidly. The agreement reflects a growing international interest in Egypt’s renewable sector, combining investment, innovation, and environmental responsibility on a global scale.Egypt signs $220 million deal to build a major solar energy complex