Egypt signed a land usufruct contract for a $220 million industrial complex to manufacture solar cells, panels, and energy storage systems in the Suez Canal Economic Zone (SCZONE). The “Atom Solar Egypt” project will involve investors from Egypt, the United Arab Emirates, Bahrain, and China, spanning 200,000 sq m in the Sokhna region. It will include two 2 GW solar cell and panel factories, as well as a 1 GWh storage project. The facility will export solar cells globally while supplying panels to Egypt, the Middle East, and Africa. China’s JA Solar will act as a technical investor, with local content gradually increased using Egyptian inputs.