- BEEAH Group plans to expand its operations into Egypt, with a potential investment of AED 500m in the country’s waste management sector.
- The Egyptian Ministry of Environment evaluates reforms based on environmental and climate policies.
The UAE-based sustainability giant, BEEAH Group, plans to expand its operations into Egypt, with a potential investment of AED 500m in the country’s waste management sector.
Egyptian Environment Minister Yasmine Fouad and a BEEAH delegation also met on July 20 to explore potential partnerships in waste-to-energy, medical waste management, and agricultural waste management.
Likewise, Fouad emphasised promising cooperation opportunities between Egypt and the UAE, spanning various fields such as renewable energy and green hydrogen. These opportunities extend beyond traditional bank financing and can significantly impact the region.
As countries align climate goals with investment strategies, the importance of investing in mitigation areas like renewable energy and desalination grows. Developing nations prioritize adaptation efforts alongside climate commitments.
Also, Fouad reaffirmed the government’s commitment to promoting investment and addressing investor challenges. The real investment lies in building trust and fostering joint relations. The Ministry of Environment is a crucial coordinator between ministries and implementing agencies, preparing opportunity packages and overcoming policy challenges.
The Egyptian Ministry of Environment evaluates reforms based on environmental and climate policies. These reforms align with the National Climate Strategy 2050 and the Updated National Contributions Plan, emphasising private sector engagement and awareness.
Furthermore, the attendees included Fahad Shehail, Group Chief Operating Officer of BEEAH Group; Ali Al Nabqawi, CEO of BEEAH Waqayah; Zouheir Sabra, Group Chief Financial and Investment Officer of BEEAH Group; Rafael Sanjurjo Lopez, CEO of BEEAH Tandeef; and Yasser Abdullah, Assistant Minister for Waste Management and Acting Chairperson of the Waste Management Regulatory Authority.