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Egypt’s GDP is expecting to rise between $10 to $18 billion as a result of a nearly seven-fold increase in the green hydrogen economy by 2050, the Information and Decision Support Centre (IDSC) reported on Tuesday.
This expectation shows that green hydrogen projects will enhance Egypt’s attractiveness to foreign investments in renewable energy sources.
Egypt ranked fifth in the Arab world and North Africa in the green hydrogen index of Fitch Solutions for 2022, according to the report.
The Centre reviewed major international experiences that have adopted legislative frameworks to promote green hydrogen projects in Germany, South Korea, the European Union, India, France, Chile, and the United States of America to benefit from them.
