Home Global Ties Abhu Dhabi’s ADCB Invests in Green Energy Sector in Egypt

Abhu Dhabi’s ADCB Invests in Green Energy Sector in Egypt

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The program focuses on economic sectors such as renewable energy, resource efficiency, sustainable agriculture and food production, and waste management

Abu Dhabi Commercial Bank Egypt (ADCB) has joined the Inclusive Green Growth in Egypt (IGGE) program, a collaboration with the United Nations Industrial Development Organization (UNIDO) that aims to support small and medium enterprises (SMEs) in shifting towards a green economy. The program focuses on economic sectors such as renewable energy, resource efficiency, sustainable agriculture and food production, and waste management.

The collaboration was announced at the bank’s headquarters by Hisham Abbas, Head of Financial Institutions and Corporate Finance and Executive Member of the Board of Directors, representing ADCB, and Patrick Jean Gilabert, Representative of the Regional Office Hub in Egypt of UNIDO. A number of senior managers from both sides also attended the event.

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The collaboration is part of ADCB’s strategy to achieve sustainability, as UNIDO will provide technical support and assistance to the bank’s clients and staff to issue sustainable financial and non-financial products and services that enhance climate financing and align with the strategy and objectives of ADCB Egypt.