Promising, diverse and stimulating opportunities for the private sector to invest strongly in the transition to a green economy

• The government offered a very ambitious plan to the private sector to invest in new and renewable energy projects until 2030

• We look forward to localizing the production requirements of these industries with a clear and attractive vision for local and international investors
• Additional incentives to create an integrated environment for green investments and transform Egypt into a manufacturing and export hub for Africa
• Transforming indebtedness into investments and integrated and sustainable financing is “A Critical Element” in Achieving our development goals
• Restructuring financing instruments to make them more responsive to the private sector in order to advance the development and investment path
• Integrating “climate and sustainability” into our fiscal policies in order to make a tangible breakthrough
• Increasing the volume of investment funding in the new budget for green projects with a development dimension
• Sufficient allocations to finance all investment incentives and the transition to green and more efficient energy
• Time is a crucial element in the management of public finances of the State
• We are always thinking of a more inclusive future vision
• We work to identify and deal with financial risks and an annual integrated study to deal with risks, including climate repercussions
• We have internal and external green financing tools and we will continue our extended journey of sustainable development

 

 

Minister of Finance, Ahmed Kouchouk, assured that the practical and most successful bet is on the private sector to bridge the financing gap between our capabilities and our dreams, explaining that there are promising, diverse and stimulating opportunities for the private sector to invest strongly in the transition to a green economy. The government has put forward a very ambitious plan for the private sector to invest in new and renewable energy projects until 2030, and that we look forward to localizing the production requirements of these industries under a clear and attractive vision for local and international investors.

 

Kouchouk said, in «Africa Grows Green for Climate Finance forum» in the New Administrative Capital, that we are working on additional incentives to create an integrated environment for green investments, and to transform Egypt into a manufacturing and export center for Africa, pointing to the importance of converting indebtedness into investments, and also integrated and sustainable financing as a crucial element in achieving our development goals.

 

He added that we are ready to restructure financing instruments so that they become more responsive to the private sector in order to advance the development and investment path, pointing to the integration of "climate and sustainability" in our financial policies in order to achieve a tangible breakthrough in this regard.

 

The Minister explained that the volume of investment funding has been increased with the new budget for green projects with a development dimension, and that there are sufficient allocations to finance all investment incentives and the transition to green and more efficient energy.

 

He stressed that time is a "critical element" in the management of the state's public finances, and that we always think of a more comprehensive future vision. He also stressed that we are working to identify and deal with financial risks, taking into account the annual conduct of an integrated study to deal with risks, including the repercussions of the climate.

 

Kouchouk pointed out that we have internal and external green financing tools, and that we will continue our extended journey towards sustainable development.