Egypt has signed a $220 million contract for a massive solar energy project, partnering with investors from the United Arab Emirates, Bahrain and China. The initiative, named AtomSolar Egypt, will build an industrial complex of solar panels and energy systems in the Suez Canal Economic Zone.
باستثمارات 220 مليون دولار.. رئيس الوزراء المصري يشهد توقيع عقد مشروع "أتوم سولار #مصر" #القاهرة_الإخبارية pic.twitter.com/uvQKWPg2Cl
— القاهرة الإخبارية - AlQahera News (@Alqaheranewstv) August 27, 2025
The agreement was signed in the new city of El Alamein in the presence of Egyptian Prime Minister Mostafa Madbouly. The solar complex will cover 200,000 square meters (nearly 50 acres) in the Ain Sokhna industrial area, which is managed by the public authority of the Suez Canal Economic Zone.
Construction is expected to take three years, from initial building to full operation. Once complete, the project is set to create 841 new jobs in Egypt. Some of the electricity produced will also be exported to global markets.
Madbouly said the Suez Canal Economic Zone is positioned to attract international investment and serve as "a regional hub for the green economy, thanks to its location on a global trade route."
The deal was signed as Emirati President Mohammed bin Zayed Al Nahyan visited Egypt. Earlier this week, bin Zayed met Egyptian President Abdel Fattah el-Sissi, who welcomed him at El Alamein Airport. The visit was part of ongoing consultations between Cairo and Abu Dhabi on regional and international developments, as well as efforts to strengthen ties between the two countries.
