Hassan Allam, Masdar to Launch Green Hydrogen Project at SCZone

Hassan Allam, Masdar to Launch Green Hydrogen Project at SCZone

Hassan Allam Holding’s is seeking to expand in the Egyptian logistics sector by acquiring a group of companies and launching new environmental projects

Investments of Hassan Allam Holding’s joint venture with the UAE’s Masdar for the green hydrogen project at the Suez Canal Economic Zone (SCZone) amount to $10 billion over a period between 7 and 10 years.

DIFC, GEFI to Drive Sustainability Goals Ahead of COP28

Amr Allam, CEO of Hassan Allam Holding revealed that his company will announce a major solar power project in partnership with the Egyptian government during the 2022 United Nations Climate Change Conference (COP27).

He noted that the company is seeking to expand in the Egyptian logistics sector by acquiring a group of companies and launching new projects.

He added that the company focuses on renewable energy projects, including solar and wind energy and green hydrogen.

Read more: UAE Developing Sustainable Global Food Systems: Abdullah Al Hameli

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