The Cabinet approved the allocation of several plots of land in the Red Sea Governorate to the General Authority for Red Sea Ports to support the development of green hydrogen projects and related infrastructure

During the Cabinet’s 76th meeting, chaired by Prime Minister Mostafa Madbouly, an area of ​​251.73 acres has been allocated to establish a green hydrogen production plant, an area of ​​50.17 acres has also been allocated to establish the marine pier for the green hydrogen project, in addition to 173.92 acres to be used in implementing the route of the electricity transmission cable line.

 This decision aligns with the country’s efforts to diversify energy sources and shift towards a low-carbon economy as part of its National Low-Carbon Hydrogen Strategy, launched in August 2024.

The strategy envisions Egypt producing as much as 5.8 million metric tons of green hydrogen annually, a feat projected to attract up to $60 billion in investments. Through this, the government aims to reach a 5-8% share of the global hydrogen market by 2040.