Egypt’s Housing Development Bank Raises Investments In Green Projects
Egypt’s Housing Development Bank (HDB) has actively backed environmentally friendly projects by contributing 2.5 billion Egyptian Pounds to prominent companies, as revealed by its chairman, Hassan Ghanem. Ghanem also highlighted that the agricultural sector received the most substantial portion of sustainable financing, followed closely by healthcare initiatives. Notably, the total investment in these green projects has surpassed 40 billion pounds.
The banking sector, notably the Central Bank of Egypt (CBE), plays a pivotal role in supporting the green economy. This aligns with the CBE’s dedication to promoting sustainable development and environmental conservation.
Recently, Rania Al-Mashat, Minister of International Cooperation, led the inaugural high-level coordination meeting at the Ministry’s headquarters in the New Administrative Capital to explore innovative financing methods for the energy sector as part of the NWFE Programme.
Tags : Egypt’s Housing Development Bank Egyptian Pounds Hassan Ghanem Central Bank of Egypt Rania Al-Mashat