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Egypt joins CIF programme to scale up clean tech industries
Aya El Sayed Published in Amwal Al Ghad on 12 - 06 - 2025

Egypt, together with six other countries, will work with multilateral development banks and private sector partners to develop investment plans that support the expansion of clean technology under the Climate Investment Funds' (CIF) Industrial Emissions Reduction Programme.
These plans, to be submitted for approval by the CIF board, will unlock access to highly concessional financing aimed at expanding clean technologies such as green hydrogen and low-carbon industries in support of a global energy transition.
In mid-June, Minister of Planning, Economic Development, and International Cooperation Rania Al-Mashat announced that Egypt had been selected as one of seven countries—out of 26 applicants—to benefit from the Climate Investment Funds' (CIF) Industrial Emissions Reduction Programme. The $1 billion initiative is the first global concessional financing programme dedicated to cutting industrial emissions in developing countries.
Attribution: Amwal Al Ghad English
Subediting: M. S. Salama

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