Honeywell seeks to invest about $200 million in Egypt

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CAIRO, April 22 (Reuters) – Honeywell International (HON.O) seeks to invest about $200 million in petrochemicals and the production of green fuels for aircraft in Egypt, the Ministry of Petroleum has quoted Honeywell’s country president for Egypt as saying.

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Khaled Hashem added during his discussions with Egypt’s minister of petroleum that Egypt has the potential to become a pivotal centre linking Europe to the Middle East in green fuel projects to supply ships and produce hydrogen and ammonia.

Reporting by Moataz Mohamed and Nayera Abdallah; editing by Jason Neely

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