On 7th November 2024, AHK Egypt was represented by Mohanad SalahEldin, AHK Regional Director - Jordan and Lebanon during a panel discussion at the Union for the Mediterranean’s 6th Trade and Investment Forum in Rabat Morocco.
The event, themed “Driving Green and Inclusive Economic Growth in the Mediterranean Region,” brought together experts to discuss impactful strategies for fostering sustainable investment and job creation.
Our AHK Regional Director took part of the panel discussion on “Promoting opportunities for Green Investment and Green Jobs” with the panelists, Ingrid Schwaiger, Deputy Head of Unit, DG NEAR, European Commission, Fernando Domingo Diez de la Lastra, Secretary General, Spanish Chamber of Commerce in Casablanca, Adrien de Bassompierre, Head of the EIB Representation in Morocco and Carlos Conde, Head of Middle East & Africa Division, OECD.
Key Insights from the Panel Discussion included:
- Sustainable Investment Policies: Green investments have boosted job creation, particularly for youth and women. Egypt’s Benban Solar Park and Jordan’s Tafila Wind Farm showcase the employment potential of green projects. Scaling these successes requires inclusive policies and public-private partnerships.
- EU Support and Collaboration: The EU is a crucial partner, supporting initiatives like the Regional Team Europe Initiative and Global Gateway Package. Recent agreements with Egypt and Jordan have opened new opportunities in green tech and infrastructure.
- Innovative Financing for Green Transition: Programs like Germany’s H2Global underscore the importance of sustainable finance mechanisms. Egypt’s Scatec Green Hydrogen project, backed by a long-term off-take agreement, is a prime example of how innovative finance can de-risk investments and drive long-term sustainable growth.
- Strengthening Green Skills: A skilled workforce is essential. At AHK Egypt, we support this through dual education expertise transfer.
- Policy Frameworks: Transparent regulatory frameworks and incentives are crucial to attract sustainable investments. Collaboration among financial institutions, private investors, and governments is helping to build an ecosystem that fosters green job creation and sustainable development across the Mediterranean.
