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

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

(Ecofin Agency) - 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

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