Egypt is strategically positioning itself to become a key player in the global hydrogen economy, leveraging its abundant renewable resources and strategic location. The country is advancing both blue and green hydrogen projects, with a strong focus on green hydrogen production as part of its 2035 Energy Strategy. Collaboration with energy companies and firms through MoUs is pivotal for the development of large-scale projects, especially in the green derivatives market. The government's Hydrogen Strategy, aiming for leadership in green hydrogen production while considering blue hydrogen prospects, sets ambitious targets to capture a significant share of the global hydrogen market by 2040. The potential applications of hydrogen in Egypt are diverse, ranging from balancing electricity grids with renewable energy to transforming transportation through zero-emission vehicles and green ship refueling in the maritime sector. Egypt's strategic location, particularly along the Suez Canal, offers unique advantages for becoming a hub for green ship refueling. Despite the promising prospects, integrating hydrogen into the energy system in Egypt faces challenges, primarily related to high costs. However, the government is planning cost-reducing incentives to support hydrogen projects, including tax exemptions, funding opportunities, and corporate tax rebates. By addressing these hurdles and enhancing cost-efficiency, Egypt can unlock the full potential of hydrogen, paving the way for a more sustainable and cleaner energy future.