Egypt’s parliament has passed a new bill
Egypt’s green hydrogen sector hits legislative milestone
Parliament passes new law designed to incentivise developers to firm up investment commitments
Egypt’s fledgling green hydrogen industry witnessed a quietly seminal moment at the turn of the year, as the country’s parliament nodded through a package of financial and regulatory incentives for prospective producers. The House of Representatives’ on passed a seven-article bill on 2 January laying out in detail the tax and non-tax incentives to be offered to producers of green hydrogen and its derivatives. Its provisions include 33–55% tax relief on project revenues and exemptions from VAT on inputs and exports, customs duties on imports and numerous government fees. The law also enshrines a single approval process for project-related imports and exports—promising developers the chance to
Also in this section
24 January 2025
Clean hydrogen sector has enough traction globally to ride out a period of policy uncertainty under the Trump administration
23 January 2025
Russia, Poland and Romania are the biggest players when it comes to hydrogen projects in the region
23 January 2025
The UK leads Western Europe in terms of active hydrogen project market share, but developments are planned across Italy, Spain, Portugal, the Netherlands and the Nordic countries
23 January 2025
The return of Donald Trump gives further evidence of ‘big oil’ as an investable asset, with the only question being whether anyone is really surprised
