Egypt’s Minister of Environment Unveils $2bn Investment Opportunities in Green Circular Economy at Egypt-EU Investment Conference
Egypt is making significant strides towards a greener and more sustainable future, and Minister Yasmine Fouad is at the forefront of this movement. During the recent Egypt-EU Investment Conference, Minister Fouad unveiled exciting investment opportunities worth $2bn in Egypt’s green circular economy.
The dialogue session, “Promoting Green and Circular Economy in Egypt,” brought together key figures from the government, international organizations, and the private sector to discuss the importance of integrating sustainability into Egypt’s economic development. Minister Fouad emphasized the government’s commitment to creating a supportive environment for green initiatives, aligning them with economic growth and social progress.
One of Egypt’s notable achievements is designating 100% of its national projects as green and funded by the public budget, making it a global leader in sustainable practices. This initiative has not only stimulated private sector investment in green projects but has also paved the way for the development of a comprehensive legislative framework, such as the Waste Management Regulation Law, based on the circular economy concept.
The country has also made significant investments in waste management infrastructure, including the largest integrated waste management complex in the 10th of Ramadan City, built in collaboration with the private sector and the World Bank. These efforts demonstrate Egypt’s commitment to fulfilling its international commitments, such as the National Climate Change Strategy 2050 and the updated Nationally Determined Contributions 2030.
Minister Fouad identified several promising sectors for investment in the green circular economy, including waste management, renewable energy, resource efficiency, industry, and supply chains. These sectors offer significant opportunities for private sector investments, supported by the necessary infrastructure, legal frameworks, and economic incentives provided by the new investment law.
Furthermore, Minister Fouad highlighted the potential for private sector involvement in the food security sector, tourism, and nature-based solutions. The Great Red Sea Coast project, focusing on eco-resorts and the establishment of a Nature Fund in cooperation with the European Bank for Reconstruction and Development, exemplifies Egypt’s commitment to attracting private sector investments in sustainable tourism and conservation efforts.
Overall, Egypt’s green circular economy presents a wealth of opportunities for investors looking to make a positive impact on the environment while also generating financial returns. With the government’s unwavering commitment and the support of key stakeholders, Egypt is well-positioned to lead the way towards a more sustainable future.
