Egypt prioritises green transition to draw investment – GAFI CEO

Egypt is placing particular emphasis on increasing its reliance on renewable energy sources, stated Hossam Heiba, CEO of the General Authority for Investment and Free Zones (GAFI).

Heiba highlighted the introduction of a new law incentivising green hydrogen production projects and the establishment of the National Green Hydrogen Council noting that several green hydrogen and ammonia projects in Egypt have already been granted the “Golden License,” which consolidates all necessary permits for project construction, expediting development and delivery of services and products.

GAFI’s CEO made these remarks at the Energy Law Group Forum organised by Zaki Hashem & Partners Law Firm, stressing that Egypt’s success in renewable energy is driving investment across other sectors, with a particular focus on energy-intensive industries.

As part of the Investment for Export plan, the government aims to localise renewable energy-related industries to meet domestic needs and export surplus energy to Europe and the Middle East, he added.

Heiba explained that energy availability has helped attract investment to developing regions like Minya, Aswan, the Red Sea and Fayoum, where Japanese firms are now manufacturing car wiring and textile industries are being pursued—making them among the fastest-growing areas for labour-intensive investment.

He added that new free zones in Aswan and Qena, linked to Red Sea ports, will further boost Upper Egypt’s appeal, supported by major road upgrades over the past decade.

Attribution: Amwal Al Ghad English
Subediting: M. S. Salama