- Dr. Mohamed Farid:
- Egypt is opening new investment horizons for projects that combine clean energy and advanced technology.
- We support major strategic investments that integrate high value-added activities with environmental sustainability.
- We aim to build partnerships that place Egypt at the heart of global supply chains for clean energy and green data.
- Investors present a proposal to establish a Hyperscale Data Center with investments worth USD 1 billion.
- The Minister calls for a comprehensive technical proposal and coordination with with the Ministry of Communications and Information Technology Electricity, The Ministry of Electricity and Renewable Energy and relevant authorities.
Within the framework of Egypt’s strategy to become a regional hub for clean energy and digital innovation, Dr. Mohamed Farid, Minister of Investment and Foreign Trade (MIFI Minister), met with Mr. Robert Valk, CEO of the Renergy Group Consortium, and Mr. Kees van Dongen, representatives of the consortium, to discuss the implementation progress of the largest green energy project in Egypt—combining green hydrogen, solar energy, and battery storage—alongside a proposal to establish a global Hyperscale Data Center leveraging Egypt’s strategic geopolitical location and direct connection to submarine cables.
MIFT Minister opened the meeting by affirming that the Ministry adopts a dynamic approach aimed at removing obstacles facing major strategic investments, stressing that Egypt, under its current political leadership, offers exceptional opportunities for projects that combine high value-added activities with environmental sustainability.
The Minister reviewed with the consortium representatives the detailed master plan of the green energy project (green hydrogen and solar power plant) in El-Tor, Sinai. The project is considered one of the region’s largest development and technology projects, spanning approximately 127 square kilometers with a 4-km direct Red Sea coastline.
Dr. Farid was briefed on the results of comprehensive technical studies conducted by Renergy Group at a cost of EUR 5 million over two years, confirming the site’s soil suitability for constructing secure and sealed water reservoirs for energy generation. The project targets annual production of 400,000 tons of liquid green hydrogen, with the entire output intended for export to European markets.
The consortium representatives presented the implementation plan, which includes two phases: the first with an export capacity of 160,000 tons annually, followed by the second phase with a production capacity of 400,000 tons.
In parallel, the consortium representatives presented a proposal to establish a global Hyperscale Data Center fully powered by the project’s green energy, capitalizing on Egypt’s role as a global data transit hub, with targeted investments nearing USD 1 billion.
According to the preliminary plan, the Hyperscale Data Center project will begin with an area of 10,000 sqm, with expansion plans reaching 500,000 sqm, making it one of the largest regional data centers. The center will rely on seawater for cooling operations, which will attract major international companies seeking green data services.
A Hyperscale Data Center is a massive computing facility designed to meet the enormous data needs of major companies such as Amazon, Google, and Microsoft. It is characterized by rapid scalability to accommodate thousands of servers, providing cloud computing and large-scale data storage services, and requires significant energy consumption.
Dr. Farid requested the consortium representatives to submit a comprehensive file including the feasibility study, technical presentation, financing structure, and project partners, noting that MIFT will provide full support for investments that combine clean energy with advanced technology.
MIFT Minister stressed the need to coordinate procedures with the Ministry of Communications and Information Technology Electricity, The Ministry of Electricity and Renewable Energy, the Sinai Peninsula Development National Authority, and relevant security entities to ensure compliance with national security requirements and technical standards.
The Minister emphasized that Egypt is working under a comprehensive vision to become a global logistics and industrial hub, noting that MIFT seeks not only to attract capital but also to build strategic partnerships that position Egypt at the center of global supply chains for clean energy and green data.
For their part, consortium officials praised MIFT responsiveness and cooperation, confirming that a comprehensive technical proposal will be prepared in the coming period in line with MIFT’s directives. They also noted a preliminary agreement and strong interest from Japanese investors in financing the data center as part of a strategic expansion.
Such meetings come within the framework of MIFT’s strategy, led by Dr. Mohamed Farid, to remove obstacles facing international and local investors and ensure project implementation in line with the highest technical and security standards, strengthening Egypt’s position on the global investment map.
