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The Egyptian Cabinet approved the allocation of land in the Red Sea Governorate to support green hydrogen projects. A total of 251.73 acres will be used for a green hydrogen production plant, 50.17 acres for a marine pier, and 173.92 acres for an electricity transmission cable route.

This decision aligns with Egypt's National Low-Carbon Hydrogen Strategy, launched in August 2024, which aims for annual production of up to 5.8 million metric tons of green hydrogen and attracting $60 billion in investments. The government targets a 5-8% share of the global hydrogen market by 2040.