Egypt projects US$18 billion increase in GDP by 2050

The Information and Decision Support Center of the Egyptian Cabinet issued a report where it predicted a rise in Egypt’s GDP between US$10 to $18 billion as a result of a nearly seven-fold increase in the green hydrogen economy by 2050.

According to the report issued on Tuesday, Egypt ranked fifth in the Arab world and North Africa in the green hydrogen index of Fitch Solutions for 2022.

The report reviewed the most important legislative framework promoting green hydrogen projects in countries such as Germany, South Korea, the European Union, India, France, Chile and the United States.

The Information Center confirmed that Egypt is one of most the promising countries in the field of green hydrogen, with potential to attract domestic and foreign investments in this field – especially in light of its future plans in green hydrogen projects.