GAFI aims to attract Dutch investments in green hydrogen field

Heiba reviewed the opportunities for cooperation between Egypt and the Netherlands in the field of green hydrogen, stressing Egypt’s commitment to achieving its climate goals

By: Business Today staff

Sun, May. 26, 2024

The CEO of the General Authority for Investment and Free Zones, Hossam Heiba, is currently on a promotional tour to attract Dutch investments in the green hydrogen sector.

Heiba is participating in the World Hydrogen Summit 2024 held in the Netherlands. The summit aims to discuss ways to support the energy transition and maximize the role of governments, the private sector and financial institutions in achieving the goals of the global transition towards green energy.

Mr. Hossam Heiba participated in a discussion session entitled “Opportunities for cooperation in the field of green hydrogen between Egypt and the Netherlands” in the presence of the CEO of Suez Canal Economic Authority, Walid Gamal El-Din, CEO of the Sovereign Fund of Egypt, Ayman Soliman, Energy Markets Directorate at the Ministry Economic Affairs & Climate Policy Gijs Postma, Business Manager Energy Transition, Erik van der Heijden, and Lead Green Hydrogen Developments, Bart de Smet.

During the session, Heiba reviewed the opportunities for cooperation between Egypt and the Netherlands in the field of green hydrogen, stressing Egypt’s commitment to achieving its climate goals, most notably expanding reliance on green hydrogen.

On the sidelines of the summit, the African Hydrogen Forum was launched, which witnessed the exchange of experiences between African countries regarding the preparation of infrastructure and investment legislation to attract investments in the green hydrogen sector.

During the forum, Heiba gave a presentation on all the incentives and investment systems established in Egypt in the green hydrogen sector.

GAFI CEO held a number of bilateral meetings with representatives of investment and financing entities and major Dutch companies operating in the renewable energy, infrastructure, agriculture and food industries sectors to discuss investment opportunities in Egypt and enhance cooperation between the two countries.