Minister of International Cooperation: Green Hydrogen ‘Egypt’s Next Great Private Investment Opportunity’

Minister of International Cooperation: Green Hydrogen ‘Egypt’s Next Great Private Investment Opportunity’

5/18/2022

The Minister of International Cooperation, Rania Al-Mashat held a meeting with the mission of investors and the American business community, which was organized by the American Chamber of Commerce, to attract finance and investment in the run-up to COP27.

The meeting was attended by Steve Lutes is vice president of Middle East Affairs at the U.S. Chamber of Commerce, Ambassador David Thorne Senior Advisor to the US Special Presidential Envoy for Climate, Adviser to the US Special Presidential Envoy for Climate, John Kerry, Tarek Tawfik, President of the American Chamber of Commerce in Cairo, along with representatives from the US Embassy in Cairo.

In the context of COP27, the Minister also emphasized that green hydrogen is Egypt’s next great investment opportunity, as it is regarded globally as the fuel of the future. As per the Integrated Sustainable Energy Strategy, Egypt aims to increase the supply of electricity generated from renewable sources to 20 percent by 2022 and 42 percent by 2035.

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