- Rana Group said it aims to carry out a green hydrogen production project in Egypt.
- They also tackled collaboration opportunities in various fields to seal strategic partnership agreements
Rana Group, an Arab Finance based in India, said it aims to carry out a green hydrogen production project in Egypt, with an expected investment of $12 billion.
Head of the Egyptian Commercial Service (ECS) Yahia El-Watheq Bellah met with a delegation from the Indian engineering and contracting firm to explore investment opportunities in Egypt.
During the meeting, the delegation expressed Rana Group’s interest in cooperating with Egyptian companies in several fields, including electric vehicle (EV) manufacturing and providing satellite services to the agricultural, mining, petroleum, and natural gas sectors.
They also tackled collaboration opportunities in various fields, confirming their willingness to seal strategic partnership agreements to foster economic and technological development in Egypt and India.
The meeting came within Rana Group’s plan to expand outside India, especially in Africa, and a previous discussion between the Egyptian Commercial Office in New Delhi and officials from Rana Group, who have expressed interest in partnering with Egyptian firms across diverse sectors.