Egypt and Spain Strengthen Ties for Hydrogen Investment Growth
Key Ideas
  • Egyptian Minister El Khatib highlights the vast investment opportunities in hydrogen production in Egypt and aims to support companies interested in entering the market.
  • The Spanish Hydrogen Association plans to send a delegation to Egypt to explore investment prospects and collaborate with local stakeholders.
  • Both parties discuss the regulatory and financial policies in Egypt to facilitate foreign investments and trade in the hydrogen sector.
  • Spain acknowledges Egypt's potential in hydrogen production and foresees new advantages from the European Union to boost the industry.
During Minister El Khatib's visit to Spain, discussions revolved around boosting investments in hydrogen production in Egypt. The Egyptian market presents various opportunities for expanding green energy projects and increasing energy production. Minister El Khatib emphasized the government's support for companies interested in investing in Egypt. The meeting with the Spanish Hydrogen Association highlighted the association's diverse membership, including entities involved in renewable energy, manufacturing, and transportation. Plans were made for a delegation to visit Egypt to explore investment opportunities and collaborations with local partners and research institutions. The discussions also touched upon Egypt's policies to facilitate foreign investments and trade. Javier Brey from the Spanish Hydrogen Association praised Egypt's capabilities in hydrogen production, especially in the Suez Canal Economic Zone, and mentioned the forthcoming advantages from the European Union. Spain's efforts to develop its infrastructure to promote hydrogen use were also highlighted, indicating a positive outlook for hydrogen investments between Egypt and Spain.
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