On August 27, witnessed by the Prime Minister of Egypt, Jingao Technologies signed an agreement with AHG of Egypt, Global South Utilities of the United Arab Emirates and Infinity Capital of Bahrain to invest $220 million in the construction of an industrial park in the Suhena Industrial Zone of the Suez Canal Economic Zone. It includes 2GW batteries, 2GW modules and 1GWh energy storage plants, which are planned to be completed within three years. Previously
, in November 2024, Jingao Technologies signed a memorandum of understanding with its partners to build two factories in the region, namely, for the production of 2G W batteries and 2G W components.