New decrees issued to incentivize green hydrogen and ammonia projects through the Investment Law
15 Apr 2022
On 15 April 2022, the Cabinet of Egypt issued three decrees which enable green hydrogen and ammonia projects to benefit from promotional measures. Cabinet Decree No. 20 of 2022 provides that GAFI must coordinate with the relevant ministries and governmental entities to issue a decree determining the conditions for characterizing a project as a strategic or national project in the context of Article 20 of the Investment Law. The Decree expressly identifies the production, storage and export of green hydrogen and green ammonia among the areas falling within the state's economic development strategy.
Cabinet Decree No. 981 of 2022 recognized in the context of Article 11 of the Investment Law, that production, storage and export of green ammonia and green hydrogen among the sub-industry groups that may benefit from the Special Incentive under Geographical Zones (A) and (B).
Cabinet Decree No. 983 of 2022 required GAFI to coordinate with all relevant ministries and governmental entities, based on approved sub-industry group, in accordance with Article 11 of the Investment Law to identify the priority projects that would be eligible for additional incentives as set out in Article 13 of the Investment Law and the type of additional incentives that would be offered.
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Type:
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Promotion and facilitation (Investment incentives)
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Industry:
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Manufacturing (Manufacture of chemicals and chemical products, Manufacture of rubber and plastics products, and other non-metallic mineral products)
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Sources:
