The private sector in Egypt is currently working on renewable energy projects valued at $4.4 billion, according to the Minister of Electricity and Renewable Energy, Mohamed Shaker.
These projects aim to increase Egypt’s renewable power capacity to 10,000 megawatts by 2025.
Additionally, Egypt is planning to export around 5.6 million tons of green hydrogen annually, with the goal of capturing 8% of the global hydrogen market.
In the ongoing parliamentary session, the Egyptian government will present incentives for green hydrogen projects.
Recently, President Abdel Fattah El-Sisi of Egypt held a meeting with Mr Jin Liqun, President and Chair of the Board of Directors of the Asian Infrastructure Investment Bank (AIIB), during the Eighth Annual Meeting of the AIIB Board of Governors in Sharm El-Sheikh, Egypt.