Sayed Ismail, Deputy Minister of infrastructure, Ministry of Housing, Utilities, and Urban Communities, signs a group of agreements with international partners under the Nouwfi program on the sidelines of the United Nations Climate Change Conference (COP27), Invest-Gate reports.
Ismail signs a letter of intent (LOI) with the African Development Bank (ADB) for building 5 solar-powered water desalination plants with a total capacity of 525,000 cubic meters in 4 governorates, with $625 mn in sustainable and green investments.
He also pens an agreement with the European Investment Bank (EIB) for building a wastewater treatment plan in Helwan with a capacity of 250,000 cubic meters, with €78 mn in investments.
Ismail inks an agreement with the Swiss Agency for Development and Cooperation (SDC) for a CHF 9 mn grant allocated to funding the second phase of the water management program in Upper Egypt.
Launched in July, the Nouwfi program is intended at financing and investing in climate projects in the water, food, and energy sectors.