TSFE works to attract Green Investments in Infrastructure: Planning Minister

H.E. Dr. Hala El-Said, Minister of Planning and Economic Development, and Chairman of the Board of Directors of The Sovereign Fund of Egypt (TSFE) confirmed that Egypt Vision 2030 believes in the critical role of green investments in promoting inclusive growth, job creation, and environmental sustainability.

El-Said explained that the state aims to increase the share of green projects in the investment plan for the fiscal year 2025/24 to 50%.

This came during a speech delivered on her behalf by Dr. Heba Shaheen, Executive Director of the Egyptian Initiative for Business Climate Reform "Irada".

 

The aforementioned event took place during the “Business Empowerment and the Environment for Green Economic Development” conference. Irada organized the event in collaboration with the African Development Bank.

Dr. Hala El-Said explained that within the framework of the structural reforms program, the Egyptian government had taken several significant steps toward reforming the regulatory framework. This was to create an environment conducive to green investments by providing incentives to the private sector.

In addition to these priorities, the government focuses on pushing forward partnerships between the public and private sectors, mainly through the Sovereign Fund of Egypt. This fund was established 3 years ago as a reliable mechanism for the government to partner in investment with local and foreign partners.

In her speech delivered on her behalf by Dr. Heba Shaheen, El-Said added that TSFE, mainly through the “Utilities and Infrastructure Sub-Fund,” attracts investment opportunities for private sector participation through a variety of green activities.

This enables the country to take advantage of its abundant natural resources and strategic location. In addition, it has a huge market and solid infrastructure.

 

El-Said affirmed the government's keenness to constantly evaluate and improve policies to address challenges and exploit untapped potential in the green sector.

El-Said added that through dialogue, participation, and exchange of experiences, innovative solutions and strategies can be formulated that enhance a business environment conducive to green investments.

She further confirmed that the conference aims to present the results of the policy paper prepared by the "Irada" initiative and the African Development Bank. The paper sheds light on industry challenges concerning agriculture and agribusiness, biofertilizers, energy efficiency, renewable energy, eco-tourism, waste recycling, and the green economy sectors.