Egyptian Prime Minister Moustafa Madbouly on Tuesday opened the platform of the Environmental and Climate Forum in both Arabic and English languages to review investment systems and available investment opportunities in the fields of green economy and climate resilience.
This came during Madbouly’s inauguration of the 1st edition of the Environmental and Climate Forum which is held under the auspices of President Abdel Fattah al-Sisi in the New Administrative Capital.
Minister of Environment Yassmin Fouad, Switzerland Ambassador in Cairo Yvonne Baumann, a galaxy of ministers, heads of economic and monitoring authorities and top leaders from a number of companies operating in the various economic fields in Egypt are attending the forum.
The forum’s platform provides information to businessmen, developers, investors as well as funding institutions about investment opportunities in Egypt, in addition to initial feasibility studies in the fields of waste management, sustainable energy, environmental tourism, bio-industry as well as food production.
President Abdel Fattah al-Sisi’s sponsorship of the Environmental and Climate Investment Forum reflects the political leadership’s interest in the green investment file, in order to achieve sustainable livelihoods and preserve the rights of current and future generations.
The forum is organized in partnership with the United Nations Industrial Development Organisation (UNIDO) through the “Inclusive Green Growth in Egypt” project, and is funded by the Swiss Agency for Development (SDC).
The forum comes in line with the country’s directions to enhance the private sector’s contribution to the economy, which will reflect on achieving sustainable economic development and providing more green job opportunities.
The forum aims to present a package of promising investment opportunities for the private sector in several areas, including sustainable energy, waste recycling, eco-tourism, the bio-based economy, sustainable agriculture and food production . This is in addition to identifying available investment opportunities, presenting visions and proposals for the growth of environmental investment.
In this respect, sectoral sessions will be held to raise awareness of the promising opportunities for young graduates and entrepreneurs in the field of climate change.
The Environmental and Climate Investment Forum is a continuation of Egypt’s pioneering role in preserving the environment and adapting to climate change, and building on the results of the COP27 climate change summit to enhance partnership with the private sector, aiming to encourage them to provide more green investments to enhance Egypt’s path towards green transformation, encouraging initiatives towards a better green future for Africa and the world as a whole, and completing the path towards the upcoming COP28 climate conference in the UAE.
The Environment and Climate Investment Forum will be organized annually to become the main event for presenting investment opportunities to the private sector to increase green investment.
The forum is held within the framework of the Ministry of Environment’s keenness to achieve the goals of the sustainable development strategy (Egypt’s Vision 2030) to protect natural resources, transform environmental challenges into investment opportunities, spread the concept of a circular green economy, and in line with the state’s directions to enhance the private sector’s contribution to the economy, which is reflected in achieving Sustainable economic development and providing more green job opportunities.
