Cleaner, greener, AND more profitable industrialization? Renewable energy, green industry, sustainability — these are the buzzwords that have dominated the industrial development space of late. Yet, many industries currently being targeted for expansion are not exactly known for their environmental friendliness. Which begs the question: is it possible to square industrial expansion with eco-consciousness? Enter Egypt’s new eco-industrial parks program: The Trade Ministry is partnering with the United Nations Industrial Development Organization (UNIDO) to promote eco-industrial parks (EIPs) through its Swiss-funded Global Eco-Industrial Park Programme (GEIPP). This nearly EUR 1.7 mn initiative is piloting a program to transform industrial parks — significant emitters of pollution and waste — into more sustainable industrial ecosystems, right in our backyard.
