Egypt and France have signed a 7 billion euro ($7.68 billion) agreement to develop finance and operate a green hydrogen production facility, Egypt's transportation ministry said.
The agreement was signed during French President Emmanuel Macron's visit to Egypt.
France and Egypt signed strategic partnership agreements on Monday, in areas covering health, transport and energy, which Macron said would help shore up Egypt's stability amid volatility in the region.
"Egypt is a strategic partner for our country," said Macron, speaking alongside Egypt's President Abdel Fattah al-Sisi at a news conference in Cairo.
"I would thus like to reaffirm France's commitment to ensuring the stability of Egypt given the context of a worsening climate in the region and as the Egyptian economy faces challenges," added Macron.
