CAIRO – 19 February 2024: Egypt is reviewing possible cooperation opportunities with the European Union in the field of green hydrogen, First Assistant to the Prime Minister, Randa El Menshawy said during a meeting with European Union officials.
During the meeting, El Menshawy explained that the Egyptian government has made great strides in the field of green hydrogen, whether in terms of creating the appropriate environment for investments or entering into partnerships with major international companies working in this field, many of which are European companies.
She also highlighted the role of the national council for green hydrogen that was created to follow up on the implementation of the national green hydrogen strategy, which was approved in November 2023. In addition to that, the House of Representatives approved the draft law submitted by the government regarding incentives for green hydrogen production projects and its derivatives.
The draft law includes incentives, exemptions, and guarantees for projects to produce green hydrogen and its derivatives, in a way that serves the government’s drive for Egypt to become an international hub for green hydrogen projects.
President of The Suez Canal Economic Zone, Walid Gamal El Din also attended the meeting and reviewed investment opportunities available to international companies in the region and the incentives for green hydrogen projects including the establishment of solar and wind energy projects or electrolysis facilities that produce hydrogen.
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