Minister of Finance Mohamed Maait has held a bilateral meeting with Yvette van Eechoud, Deputy Director-General of Foreign Economic Relations at the Ministry of Foreign Affairs of Netherlands, on the sidelines of their participation in the Egypt-EU Joint Investment Conference, which is being held under the patronage of President Abdel Fattah El Sisi.

During the meeting, Maait stated that Egypt leads the Arab countries with 32 green hydrogen projects, coming in first place in the Arab world in implementing these projects until the end of March 2024.

The minister said that Egypt has an integrated strategy to localize the industry, production and export of green hydrogen in the Suez Canal Economic Zone. The country is keen to attract Dutch investments in the green hydrogen sector, by offering incentives to encourage its production at a rate ranging from 33% to 55% of the taxes due, in addition to the Gold License, which contributes to accelerating the pace of implementation of productive activities, especially renewable energy.

Maait pointed out that Egypt continues to strengthen the partnership with the Netherlands in various priority economic sectors, especially renewable energy, infrastructure, agriculture, and food industries, in a way that enhances joint investment opportunities between the two countries.