Egypt is seeking deeper investment ties with India's Ocior Energy as part of its push to become a regional hub for green hydrogen production, Foreign Minister Badr Abdel Atty said in talks the company's officials in New Delhi. The talks, held with Ocior Energy President Sanjay Nagrare focused on opportunities to develop large-scale green hydrogen and ammonia projects in Egypt using solar and wind energy. "Egypt is committed to removing any barriers for international investors in the green energy sector," Abdel Atty said on Friday, adding that the country's long-term strategy is to diversify clean energy sources and meet global climate obligations. The meeting comes amid Egypt's broader drive to attract foreign investment in renewables and decarbonisation technologies. The government unveiled its National Green Hydrogen Strategy in August 2024, and is actively courting partnerships in production, export, and downstream industries. Abdel Atty also highlighted Egypt's co-launch of the Global Renewable Hydrogen Forum with Belgium during COP27, describing it as a multilateral platform to promote hydrogen adoption and carbon reduction. The minister encouraged Ocior Energy to work with Egypt's New and Renewable Energy Authority (NREA) to explore viable sites for energy projects. He noted Egypt's appeal as an investment destination, pointing to its skilled workforce, industrial base, and extensive tax and customs incentives in its free zones—particularly the Suez Canal Economic Zone. "Our location, infrastructure, and incentives make Egypt an ideal launchpad for regional and global energy markets," Abdel Atty said. Ocior Energy is one of several Indian companies expressing interest in Egypt's emerging green energy sector, as global demand for low-carbon fuels rises and both countries deepen economic ties. Attribution: Amwal Al Ghad English
