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بوابة الفجر
Egyptian Fund for Coral Reef Protection Discussed
The article focused on Egypt's efforts to establish a national fund for the protection of coral reefs in the Red Sea, with the aim of financing biodiversity conservation and promoting sustainable economic development in the region. Minister of Local Development and Environment, Manal Abdel Dayem, held meetings with the United Nations Development Programme to discuss the mechanisms for establishing the fund, which is intended to attract long-term investments and support environmental protection and development efforts. The fund will include two types of financing: grants from a philanthropic organization and investments through an investment portfolio, with adherence to standards ensuring transparency and independence. It is expected to enhance the region's economic and tourism sustainability, and Egypt will participate in the upcoming donor meeting to present its environmental protection goals and encourage investments.
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