Global green energy company, Fortescue Future Industries (“FFI”) has signed a Memorandum of Understanding (“MoU”) to conduct studies with a view to developing green hydrogen production in the Arab Republic of Egypt.
The signed MoU was between FFI and the New and Renewable Energy Authority, the General Authority for Suez Canal Economic Zone, Egyptian Electricity Transmission Company, and the Infrastructure and Utilities Subfund of The Sovereign Fund of Egypt.
Subject to the outcome of the studies, FFI has an interest in developing large-scale renewable energy projects in Egypt.
Linklaters acted as international counsel alongside Zaki Hashem & Partners (“ZH&P”) as local counsel to Fortescue Future Industries. ZH&P was led by managing partner Yasser Hashem (pictured) and partner Heba El Naggar.