Public Management

Egypt reaches deal with the UN to build eco-industrial parks

Egypt reaches deal with the UN to build eco-industrial parks
Friday, 21 January 2022 16:39

Egypt has been multiplying efforts in recent years to reach the United Nations' sustainable development goals.

In its Egypt Vision 2030 agenda, the government plans to focus on improving its social, economic and environmental standards. As part of this framework, it signed a deal with the United Nations Industrial Development Organization (UNIDO) to develop eco-friendly industrial zones in the country. The information was made public through a January 18 press release by the trade department.

The project will receive funds from the Swiss government, under the “Global Eco-Industrial Parks Program (GEIPP) in developing and transition countries. According to the Egyptian Minister of Trade and Industry Nevine Gamea (pictured), the construction of eco-friendly industrial complexes is an effective way to meet the "challenges of inclusive and sustainable industrial development” in Egypt. This type of project, she said, contributes to "attracting more local and foreign industrial investment" and is, therefore, a provider of jobs.

"It (the project, ed) also facilitates the transition to a green industry and a circular economy by reducing greenhouse gases resulting from manufacturing, in addition to the optimal use of resources," Minister Gamea said.

Jean-Marc Gogbeu, intern

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
Deposits grow 2.7%, supporting lending recovery Average loan sizes small, credit risk persists Loans granted by Togolese microfinance institutions...
Gabon plans to raise up to CFA331 billion in domestic debt in early 2026 The revised target is about 43% higher than initially...
Africa looks smaller in SG’s 2025 accounts mainly due to subsidiary sales, not a collapse in demand or operating activity. SG exits some markets...
Proparco has invested in Helios Climate Fund, managed by Helios Investment Partners The fund has raised about $250 million after a second...
Most Read
01

Except for Tunisia entering the Top 10 at Libya’s expense, and Morocco moving up to sixth ahead of A...

Global Firepower Index 2026: Egypt, Algeria, Nigeria Lead Africa's Military Rankings
02

African startup M&A hits record 67 deals in 2025 Consolidation driven by funding pressures and ex...

African Startup M&A Hits Record 67 Deals in 2025, Led by Fintech
03

Touted as a tool of emancipation, blockchain was meant to give the Central African Republic a new fo...

Crypto Sovereignty Was CAR’s Goal. A Report Says Crime Risks Took Hold Instead
04

Royal Air Maroc signed a deal with DAE to lease 13 Boeing 737-8 aircraft. Deliveries are schedule...

Royal Air Maroc to lease 13 Boeing 737-8 jets from DAE as fleet expansion continues
05

CBE introduced CBE Connect in partnership with fintech StarPay. The platform enables cross-border...

Ethiopia’s CBE launches digital platform to channel diaspora remittances
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.