Minister of Investment and Foreign Trade Hassan el Khatib on Thursday affirmed the state’s keenness to support serious investments in the green economy.
The government attaches special importance to projects aimed at promoting environmental sustainability, developing recycling technologies, and maximizing the use of waste, in ways that contribute to creating new job opportunities, Khatib said.
The minister made the remarks during a meeting with a delegation of Antipollution Egypt, a joint venture between the Suez Canal Authority (SCA) and V Group, which is specialized in environmental protection and marine waste management.
The meeting was attended by Chairman of V Group of Companies Vyron Vasileiadis, Eric Adam, Shareholder of Antipollution Egypt and Kriton Katsamenis, the CEO of Antipollution Egypt.
The meeting tackled opportunities to strengthen investment cooperation and expand the company’s activities in Egypt, in line with the state’s transition green economy and ensuring environmental sustainability.
Khatib underscored that the ministry is working to facilitate all procedures for investors, giving priority to projects that add real value to the national economy.
The meeting also reviewed the company’s plan to invest $150 million in Egypt, reflecting its serious approach toward implementing integrated projects in pollution control and marine waste management.
For his part, Vasileiadis said that he is looking forward to boosting the group’s investments in Egypt through Antipollution Egypt.
He added that the project aims to provide integrated solutions for marine waste management in line with the highest international standards, with a strong focus on achieving zero waste and zero emissions.
Meanwhile, Adam affirmed the commitment of Antipollution Egypt to increasing its investments in Egypt in order to build an integrated waste management system.
