Minister of Investment and Foreign Trade Hassan El Khatib met with Abdalla ElEbiary, Alvarez & Marsal Consulting’s Managing Director in its Sovereign Advisory Services (SAS) team, and Robert Valk, Founder and CEO of Renergy Group Partners & Green Tech Egypt, where the pioneering green hydrogen project in Sinai was reviewed.

The Minister stated that green hydrogen projects are a fundamental part of Egypt’s strategy to transition towards clean energy and attract foreign investments in the renewable energy sector, noting that the Sinai Green Hydrogen Project represents a unique model of sustainable projects that support the Egyptian economy and enhance the country’s position as a regional hub for clean energy.

El Khatib added that the Egyptian government is committed to supporting such pioneering projects that place Egypt at the forefront of clean energy-producing countries, noting that the state is working to create a suitable investment climate to attract more international investments in this promising sector.

For his part, ElEbiary said that the Sinai project is one of the most important pioneering projects that is developing very rapidly, explaining that the project includes the installation of a 15-gigawatt electrolyzer, in addition to a water storage and pumping system to a height of 800 meters to generate energy when needed, providing a sustainable supply of base energy reaching 3.1 gigawatts after the completion of its three phases.