NWFE program aims to mobilize investments worth $14.7B

Egypt’s NWFE program aims to mobilize investments worth $14.7 billion, according to Minister of International Cooperation, Rania Al-Mashat.

Al-Mashat elaborated that those investments are divided into $10 billion for energy sector projects to implement plants generating 10 GW of renewable energy, and $1.35 billion directed to water sector projects, in addition to $3.35 billion for food security projects, so as to stimulate adaptation efforts and mitigate the consequences of climate change.

This came during Al-Mashat participation in the Agility Tanden Talk on the current state of the global economy and how to move forward in stimulating investments to build sustainable economies, alongside Stephen Gerard Pagliuca, co-chairman of Bain Capital, an international private sector firm.