Yasmine Fouad, Egypt’s Minister of Environment, unveiled promising investment opportunities worth $2bn in Egypt’s green circular economy during the dialogue session “Promoting Green and Circular Economy in Egypt” at the Egypt-EU Investment Conference on Sunday. Minister Fouad emphasized the Egyptian government’s commitment to fostering a supportive environment for a green circular economy, aligning it with economic development and integrating it into social and economic pathways. This initiative has stimulated private sector investment in green projects. Minister Fouad identified several promising sectors for investment in the green circular economy, including waste management (especially agricultural, medical, and construction and demolition waste), renewable energy, resource efficiency, industry, and supply chains. Additionally, Minister Fouad highlighted the tourism sector and nature-based solutions as promising areas for investment, given Egypt’s strategic location and coastlines on the Red and Mediterranean Seas.

Source: Daily News Egypt June 30, 2024 15:09 UTC