Environment Minister Yasmine Fouad stated that an environment and climate investment unit was launched to promote investment in the environment sphere.
Her remarks came after several MPs requested that the government clarify its policy regarding promoting the circular economy in a way that achieves maximum benefit from all-natural resources and reduces waste.
During her speech at the Senate’s plenary session on Sunday, April 9, Fouad said the unit also aims to promote investment in waste recycling and ecological tourism.
She added that that unit will also follow up on factories that are consistent with environmental stipulations.
The minister, meanwhile, gave an overview of a project worth $125 M to convert waste into eco-friendly fuels.
She affirmed that the State has a suitable infrastructure and an attractive climate for investments in the waste recycling sector.
