Arab Finance: Egypt's Waste Management Regulatory Authority (WMRA) and the Abu Dhabi-based waste management company Tadweer Group inked a memorandum of understanding (MoU) to explore and develop cooperation and investment opportunities within Egypt's waste management and recycling sectors, as per a statement. 

Minister of Environment Yasmine Fouad highlighted the key areas of cooperation outlined in the agreement, which include developing agricultural waste recycling projects, such as a factory for recycling palm frond waste in the New Valley to produce medium-density fiberboard (MDF).

This project, in collaboration with the Arab Organization for Industrialization (AOI), the New Valley Governorate, and the WMRA, is valued at up to €70 million.

Another major initiative discussed is the recycling of used oils the sustainable aviation fuel (SAF), through a partnership with the Egyptian Petrochemicals Company, with an estimated investment of €530 million.

Additionally, there are plans for a rubber waste recycling project to produce soft tire powder, used in playground floors and artificial turf, with an investment valued at €14 million.

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