It spans over 3,312 square kilometers, and has almost 100,000 dwellers.
The signing took place between the fund and nine developers on the sidelines of COP 27 hosted by Egypt in Sharm El Sheikh.
Egypt is the second, largest country in solar energy production in Africa, according to an infographic, published by the center Tuesday.
Minister Shokry underscored the necessity of investing in new energy that should be clean, cheap, and sustainable.
The amount of the increase is 4,627 gigawatts.
They met on the sidelines of COP 27.
This took place on the sidelines of the meetings of the 27th Conference of the States Parties to the United Nations Framework Convention on Climate Change (COP27), held in Sharm El-Sheikh.
In July, Egypt's Ministry of Electricity and Renewable Energy, and UAE's Masdar and ADNOC signed an agreement to build the farm.
Lieutenant-General Mohamed Abbas, Minister of Civil Aviation, confirmed that the ministry seeks, through an ambitious plan, to achieve the Egyptian state's orientations towards sustainable development and transform Egyptian airports into "environmentally friendly" by focusing on two axes.
President El-Sisi was also briefed on progress in electricity interconnection projects with neighboring countries, especially Saudi Arabia, Greece and Cyprus.
President Abdel Fattah El-Sisi received on Sunday Joe Kaiser, Chairman of the Supervisory Board of Siemens, to discuss cooperation in green energy projects as Egypt endeavors to become a regional center for the production and exchange of new and renewable energy.
The plant would start producing 20 megawatts, the statement added, saying that the expansion of the renewable energy project has been adopted to make the city a green one.
Egyptian Minister of Electricity and Renewable Energy, Dr. Mohamed Shaker, confirmed that the expansion of electricity generation projects using new and renewable energy in Egypt, has become indispensable, revealing that these projects have a positive impact on the state on different levels.
Minister of Electricity and Renewable Energy, Dr. Mohamed Shaker, affirmed that Egypt seeks to be a corridor for the transit of clean energy that the African continent enjoys.
President Abdel Fatah al-Sisi received Thursday Dimirti Kopilosis, chairman of Greece's Kopilosis electricity corporate.
Egyptian citizens can now access all electricity-related services electronically through the unified platform, without the need to head to the ministry’s headquarters.
In line with the government's sustainable development goals, the Ministry of Electricity has installed solar panels on rooftops of its affiliated buildings to rely on renewable energy.
Dr. Mohamed Shaker, Minister of Electricity and Renewable Energy, revealed that the expansions that took place in the national electricity network had a significant impact on the quality of service provided to the Egyptian citizens.
Minister of Electricity and Renewable Energy Mohamed Shaker stated Tuesday that the draft agreement has been finished.
He noted that the fund is willing to visit Cairo in September to inspect the fund’s projects in Egypt as well as inking a number of partnerships between Egyptian and Saudi companies.