Abu Dhabi Commercial Bank Egypt (ADCB) has joined the Inclusive Green Growth in Egypt (IGGE) program, a collaboration with the United Nations Industrial Development Organization (UNIDO) that aims to support small and medium enterprises (SMEs) in shifting towards a green economy. The program focuses on economic sectors such as renewable energy, resource efficiency, sustainable agriculture and food production, and waste management. Ihab ElSewerky, CEO and Managing Director of ADCB Egypt, commented: “Since we launched the sustainability plan in line with Abu Dhabi Commercial Group’s strategy, we have taken unprecedented steps to support our customers in their journey towards green transformation. We are happy with this cooperation with UNIDO, as we are keen to activate international partnerships to expand our sustainable financing portfolio and enable us to support our SME clients. Annachiara Scandone, UNIDO Industrial Development Expert and IGGE Project Manager, added “through the Swiss-funded Inclusive Green Growth in Egypt project, UNIDO together with its partners from Government and private sector foster the creation and growth of 150 green MSMEs.

Source: Daily News Egypt January 25, 2024 10:17 UTC