Cabinet: Egypt invested LE447B in green economy projects

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Mon, 02 Nov 2020 - 05:36 GMT

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Mon, 02 Nov 2020 - 05:36 GMT

Egyptian currency_Reuters

Egyptian currency_Reuters

CAIRO - 2 November 2020: The Cabinet's media center revealed on Monday that Egypt invested LE 447.3 billion in 691 projects related to the green economy. 


In an infographic, the media center said 14% of the total public investments was allocated to the green economy in the fiscal 2020/21 budget, a matter which reflects Egypt's strong orientation to the green economy projects. 

Egypt's portfolio in the green projects till September 2020 reached $1.9 billion, the center noted. 

The infograp mentioned that Egypt has become the first Arab country to issue Green bonds with a $750-million deal, as it sold $750 million in five-year Green bonds.

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