Egypt’s SCZone could be getting its own investment company: Egypt’s Suez Canal Economic Zone (SCZone) intends to set up an investment company to channel funds into the zone’s projects as part of a raft of measures designed to spur FDI, SCZone head Walid Gamal El Din said on Saturday. The board also discussed plans to turn the SCZone into a regional hub for green hydrogen, green ammonia and other clean energy initiatives.

Mohammed VI Polytechnic University in Morocco, London-headquartered renewables company Oort Energy and UK-based energy firm Chariot will launch pilot projects to test the feasibility of implementing Oort’s patented water splitting technology in the use of large-scale green hydrogen and ammonia production, according to MEED.