UAE-based Global South Utilities (GSU), a resources investment company, has joined forces with Egypt’s AH Industrial Management, China’s JA Solar and Bahrain’s Infinity Capital to develop an integrated solar energy industrial complex, in a deal worth $220 million (AED 810 million).
GSU said that the solar energy project will create one of the region’s largest renewable energy manufacturing hubs and reflects the UAE’s leadership in driving the green transition across the Middle East and Africa.
The “Atum Solar Egypt” project in Ain Sokhna (TEDA) will cover 200,000 square metres and include a 2 GW solar cells factory for exports, and a 2 GW solar modules factory to serve Egypt and Africa to support reliable, clean power.
Implementation of the solar energy project will take up to three years from construction to full operation, generating more than 800 direct jobs and gradually increasing reliance on Egyptian inputs such as aluminium and glass.
Ali Alshimmari MD and CEO GSU
“This partnership reflects the UAE’s commitment to clean energy investments that drive economic development while empowering communities. Our solar energy project in Egypt is not only an industrial venture, it is an Arab-Asian collaboration that strengthens the Global South, localizes green technology and develops future-ready talent.”
Egyptian Prime Minister Mostafa Madbouly witnessed the signing alongside Deputy Prime Minister and Minister of Transport and Industry, Lieutenant General Kamel Al Wazir, and Walid Gamal El-Din, Chairman of the Suez Canal Economic Zone Authority.
The agreement was signed by Ali Alshimmari of GSU, Cao Hui, Executive Director of Egypt-TEDA SEZone Development Company, and Ahmed Abou Hashima, Chairman of AH Industrial Management and Co-founder of Atum Solar Egypt.
The solar energy project underscores the UAE’s role as a regional leader in renewable energy and reflects its vision of advancing industrial and economic integration across the Arab world and Asia, while supporting Egypt’s Vision 2030.
