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Egypt is targeting an 8% share of the global hydrogen market, with plans to reach an annual production capacity of around 10 million tons in the coming decades.
Petroleum and Mineral Resources Minister of Egypt Karim Badawi announced that Egypt is developing a set of highly attractive incentive packages to accelerate investment in green hydrogen, as the country works to position itself as a central player in the emerging global hydrogen economy.
Egypt is targeting an 8% share of the global hydrogen market, with plans to reach an annual production capacity of around 10 million tons in the coming decades. Badawi made the remarks during his keynote speech at the opening ministerial session of the fourth Oman Green Hydrogen Summit in Muscat, organized by the Omani Ministry of Energy and Minerals in cooperation with Hydrogen Oman (Hydrom).
Highlighting Egypt’s competitive advantages, Badawi pointed to the country’s strategic geographic location in the Middle East, its role as a natural bridge to Africa, and its strong energy interconnections with Europe, including existing grid linkage projects with Cyprus and Greece.
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The minister stressed that achieving Egypt’s hydrogen ambitions will require deep partnerships with global technology providers and long-term off-take agreements. He noted Egypt’s interest in strengthening cooperation with Oman, which has made notable progress in developing its hydrogen sector.