Environment Minister, SCZONE Chairperson discuss joint cooperation

Egypt’s Minister of Environment, Yasmine Fouad; met with Waleid Gamal El-Dein, the Chairperson of the General Authority for the Suez Canal Economic Zone (SCZONE), at the authority’s headquarters in Sokhna, to activate the cooperation protocol signed between the two sides.

Fouad said that there are three tracks of joint cooperation with the authority in the future stage. The first track is based on the idea of industry and its compatibility with the environment, and the second track is based on the idea of green waterways, where the ministry conducts a periodic assessment of ports and determines the priority of ports that will be green. The third track is discussing ways to identify investment opportunities for SCZONE.

During the meeting, the Minister of Environment touched on the environmental and climate investment conference, which will be launched in July, to present Egyptian laws, investment opportunities and success stories, and launch a strategy of gradual transformation towards a vital economy that contributes to maximizing the economic return from vital resources, which increases flexibility in investment, confronting climate change and contributing to environmental sustainability.

She also stated that the programs for controlling industrial pollution and sustainable green industry will facilitate opportunities for industrial companies inside the SCZONE to obtain financing to implement projects that serve the industry and the environment. The ministry will also cooperate with the authority in promoting the idea of a circular and green economy for the industrial community.