President Abdel Fattah El-Sisi at COP28.
On the sidelines of COP28, Walid Gamal El-Din, Chairman of the Egyptian Suez Canal Economic Zone (SCZONE), held pivotal meetings with global energy and investment leaders. Discussions with companies such as Saudi Arabia's Acwa Power, Denmark's AP Moller Capital, and Germany's Wilo SE culminated in constructive dialogues on collaborative ventures.
Moreover, key agreements were inked on 3 December, as SCZONE and the Ministry of Electricity and Renewable Energy joined forces with Norwegian energy company Scatec and prominent international financial institutions like the African Development Bank (AfDB) and British International Investment (BII) to launch three impactful green energy projects in Egypt.
Egypt's commitment to environmental resilience was further underscored by Minister of International Cooperation Rania Al-Mashat's signing of a letter of intent for Egypt to join the Blue Mediterranean Partnership, opening doors for financing blue economy initiatives.
Simultaneously, Minister of Environment Yasmine Fouad partnered with CEO of the African Union Development Agency (AUDA-NEPAD) Nardos Bekele to establish the African Centre of Excellence for Resilience and Adaptation to Climate Change Impacts in Egypt, amplifying efforts to combat climate change.
Africa Finance Corporation committed to investing $1 billion in renewable energy projects, forging partnerships with Egyptian company Infinity and Emirati investors.
Egypt's dedication to sustainable practices was evident as Elsewedy Industrial Development signed a $50 million agreement with UAE-based Sharkia Group's Futurefert to advance a green fertilizer plant, marking a significant leap towards eco-friendly agriculture.
Furthermore, Minister of Petroleum and Mineral Resources Tarek El-Molla affirmed Egypt's pursuit of a comprehensive strategy to reduce methane emissions, highlighting the nation's proactive stance on environmental stewardship.
On 5 December, SCZONE solidified plans for a green energy industrial complex in collaboration with Egypt-based Injazat Company and Chinese CHINT Global, further amplifying Egypt's commitment to sustainable industrial development.
Additionally, the cooperation minister spearheaded the launch of an international partnership aimed at enhancing women's resilience and ensuring a gender-responsive transition in the face of climate change challenges.
Under the patronage of Sheikh Mohammed bin Rashid al-Maktoum, the UAE is hosting COP28 from 30 November to 12 December to address the critical issue of climate change and potential solutions.
This major global event boasts extensive participation, with over 140 heads of state, senior government leaders, and a gathering of more than 70,000 participants, alongside the presence of over 5,000 media professionals.