Egypt’s planning ministry, Sovereign Fund focusing on green projects: Hala El-Said

Egypt’s planning ministry, Sovereign Fund focusing on green projects: Hala El-Said

Sharm El-Sheikh – The Ministry of Planning and Economic Development is preparing to present new projects to investors in the water desalination projects sector in order to achieve water security.

The Sovereign Wealth fund will explore the potential in this sector, especially after attracting hydrogen pledges within a plan to turn Egypt into a regional hub for renewable energy.

Daily News Egypt interviewed Minister of Planning and Economic Development Hala El-Said on the side-lines of the UN Conference of Parties on Climate Change (COP27) to learn about the new plans of Egypt’s Sovereign Fund.

To start off, what are the specifics of the investment plan of Egypt’s Sovereign Fund for the coming period?

Egypt’s Sovereign Fund has adopted an ambitious plan towards water desalination projects in order to achieve water security in line with the Egyptian state’s strategy in this direction and to rationalise water consumption.

The fund also periodically updates the strategy for sustainable development in order to suit the orientations of the Egyptian state and the renewable variables in the investment arena.

Furthermore, Egypt has invested heavily in the field of infrastructure to be attractive to the local and foreign private sector, including amending legislation to be more accommodating.

Additionally, the authorized capital of the