Egypt is offering tax exemptions ranging from 33 percent to 55 percent on income generated from green hydrogen projects set to commence production over the next five years, according to Egyptian Minister of Finance Mohamed Maait. Speaking at the Turkish-Arab Economic Forum in Istanbul on Wednesday, 10 November, Maait told attendees that there is an expansion in the use of green financing tools, with Egypt targeting allocation of 50 percent of government investments to environmentally sustainable projects. Additionally, the government will roll out an exemption from value-added taxes on production and essential raw materials, such as platinum, palladium, iridium, and more, aimed at lowering financial barriers and improving the economic viability of these environmentally friendly initiatives. “The current global economic crises have showcased the importance of international and regional partnerships as drivers for economic and social development, opening promising prospects to enhance the role of the private sector in economic activity,” Maait said. The minister announced a plan to attract the local and foreign private sector to invest in Egypt, expand their participation in economic development, and maximize their contribution to GDP by increasing their investment share to 65 percent…
