SWF: Egypt opening up for private sector investments to attain green transition goal

14 / 06 / 2021

By Marwa Nassar - -

Egypt is opening up for investment partnerships with the private sector to realize green transition, sustainability and inclusive economy, CEO of Egypt Sovereign Wealth Fund (SWF), Ayman Soliman said.

He said the government cannot work alone to attain these objectives, adding that the government is looking at developing sustainable, inclusive and green economy.

He made the remarks on Monday during the third edition of the Forum on Strategies for Transition to Green Economy which is organized by CSR Egypt under the patronage of Prime Minister Moustafa Madbouli.

As carbon neutrality is becoming a global goal, the fund is targeting environmentally-conscious and sustainable investments.

He referred to Egypt’s efforts to develop the use of solar energy.

He highlighted Egypt’s efforts to promote culture about how to become more conscious about the resources, the water and the use of fertilizers; all these activities are meant to enhance the right management of resources to become more sustainable.

He also referred to Egypt’s efforts in the field of water desalination domain, noting that this falls at the heart of the Egypt Vision 2030.

“Egypt is working on bringing green energy into the process of water desalination and this is good news,” he said.