GAFI promotes Dutch investment in Egypt during World Hydrogen Summit



Sun, 26 May 2024 - 11:07 GMT


Sun, 26 May 2024 - 11:07 GMT

CAIRO - 26 May 2024: The General Authority for Investment and Free Zones (GAFI) is actively courting Dutch investment in the green hydrogen sector. GAFI's CEO, Hossam Heiba, is currently on a promotional tour to the Netherlands, participating in the World Hydrogen Summit 2024.

The summit, which aims to explore ways to support the global energy transition, provided a platform for Heiba to highlight the investment opportunities in Egypt's green hydrogen landscape. Heiba took part in a discussion session titled "Opportunities for Cooperation in the Field of Green Hydrogen between Egypt and the Netherlands," where he was joined by other industry leaders, including the CEO of the Suez Canal Economic Authority, Walid Gamal El-Din, and the CEO of the Sovereign Fund of Egypt, Ayman Soliman.

During the session, Heiba emphasized Egypt's commitment to achieving its climate goals, particularly its ambition to expand the nation's reliance on green hydrogen. He also used the opportunity to present the various incentives and investment systems that Egypt has established to attract investments in the green hydrogen sector.

On the sidelines of the summit, the African Hydrogen Forum was launched, providing a platform for African countries to exchange experiences and strategies for preparing the necessary infrastructure and investment legislation to attract investments in the green hydrogen industry.

Heiba seized this opportunity to deliver a presentation highlighting Egypt's efforts in this regard, further solidifying the country's position as a key player in the African green hydrogen landscape.

Beyond the formal discussions, Heiba also engaged in a series of bilateral meetings with representatives from investment and financing entities, as well as major Dutch companies operating in the renewable energy, infrastructure, agriculture, and food industries sectors. These meetings were aimed at exploring investment opportunities in Egypt and strengthening the cooperation between the two nations.



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