Investment of about $12 billion is expected for a pilot phase, followed by a further $29 billion for the first phase, Planning Minister Hala al-Said said according to the statement.
Egypt has signed a series of memoranda of understanding and framework agreements for the development of green hydrogen over the past two years.
The North African nation is trying to position itself as a green hydrogen and renewable energy hub, but faces competition from other countries in North Africa and the Middle East.
