The CEO of Dutch company Orascom Construction Industries confirmed, Nassef SawirisIn an interview with Al-Arabiya, the priority in Egypt is renewable energy before going into green hydrogen projects.
Sawiris said our investments are currently focused on clean energy, especially blue and green ammonia.
“We will use renewable energy in the fertilizer industry, which was not affected by the Russian-Ukrainian war,” he added.
He revealed a wind power project in Egypt with a capacity of 500 megawatts, and will soon reach 3000 megawatts, and the project will be a mainstay for generating electricity or powering various industries.
He explained that production started from the green hydrogen project in the Suez Canal and will be scaled up during the next phase, noting that the first phase of the green hydrogen project has a capacity of 100 megawatts and an investment cost of $100 millions.
The CEO of the Dutch company, Orascom Construction Industries, said: Project in Abu Dhabi for blue ammonia in collaboration with “ADNOC”Other projects are under study.
Sawiris predicts that the global economy will continue to slow next year and grow again by the end of 2023.
As for investing in the sports sector, Sawiris said that investing in ‘Aston Villa’ is a hobby as well as an industry, pointing to a cooperation project between ‘Aston Villa’ and Z club in Egypt to develop talent.
He underlined that the development of Egyptian talents and their professionalism in foreign clubs will have a comeback.
He has confirmed he will not increase his stake in Aston Villa.
