Masdar and Hassan Allam investment amount to $10B in SCZone green hydrogen

The green hydrogen project at the Suez Canal Economic Zone (SCZone) received investments totaling $10 billion over a period of seven to ten years from the joint venture that is owned by Hassan Allam Holding and Masdar, which is located in the United Arab Emirates.

During the United Nations Climate Change Conference in 2022, Allam disclosed that his company will announce a significant solar power project in partnership with the Egyptian government (COP27).

The company focuses its efforts on the development of renewable energy initiatives such as solar, wind, and green hydrogen energy.