Egypt’s President Abdel Fattah Al-Sisi directs to start cooperation with Maersk to establish an integrated national network in Egypt to produce and distribute green fuel for ships, depending on new and renewable energy sources, in integration with the state’s efforts to preserve the environment.

This follows the President’s meeting with CEO of Maersk Soren Seko to discuss a project to produce clean fuel for ships in Egypt with $15 bn investment.

The meeting was held in the presence of Osama Rabie, the Chairperson of the Suez Canal Authority, and Hani El-Nadi, Maersk’s representative in Egypt.

The project will provide more than 100,000 job opportunities in various disciplines.

The step comes in light of the series of modern ports that Egypt enjoys on the coasts of the Red and Mediterranean Seas, in addition to the shipping lane of the Suez Canal, which is the main artery of global trade.

For his part, Seko expressed his appreciation for the extended cooperation with Egypt through the Suez Canal Authority, praising the continuous development and modernization of the Suez Canal and its infrastructure, which makes Egypt a leading and pivotal center to supply and refuel ships with green fuel in the region.

For his part, the Official Spokesman for the Egyptian Presidency says that this meeting dealt with joint cooperation with the Global Maersk Group to produce green energy and clean fuel for ships. It also discussed ways to boost cooperation between the Suez Canal Authority and the company.