Latest news with #GreenGrowth
Zawya
2 days ago
- Business
- Zawya
Second phase of green growth, job opportunities project concludes in Jordan
AMMAN — The second phase of the Green Growth and Jobs Accelerator project in Jordan concluded on Thursday, implemented by the United Nations Development Programme (UNDP) with funding from the Danish-Arab Partnership Programme. The initiative aimed to foster more sustainable growth and development for small- and medium-sized enterprises (SMEs), supporting their transition to environmentally friendly practices and stimulating growth and sustainable job creation, the Jordan News Agency, Petra, reported. Deputy Resident Representative of UNDP Jordan Majida Assaf said that the project was more than just a series of trainings or sessions; it served as a 'real' platform that enabled SMEs to engage with experts, review their strategies and build new pathways for growth, expansion and impact. "We witnessed ideas transform into action plans, a redefinition of priorities for many businesses, and remarkable professional and leadership development, a testament to the project's profound impact," Assaf added. This phase achieved tangible results by working with 22 SMEs through the "Green Growth Accelerator," where each company underwent an intensive programme that included 10–12 participatory sessions and 12–14 individual mentoring sessions. The outcomes demonstrated 'notable' leadership, 36 per cent of these companies are led by women and 27 per cent by youth, reflecting the project's commitment to empowering diverse groups. The phase also included an orientation day, a project showcase, and wrapped up with a networking event that helped build 'strong' bridges between companies and expand prospects for future collaboration and partnerships. Ali Qattan, founder of one of the participating companies, stressed the importance of such training in helping a start-up reach global markets, reflecting the ambition of young entrepreneurs for sustainable growth and expansion. The project reflects UNDP Jordan's ongoing efforts to support the transition towards a green economy and to facilitate decent and sustainable employment opportunities, Petra added. The programme places 'special' focus on promoting innovation and entrepreneurship, with a particular emphasis on empowering youth and women to play an active role in this vital transformation. © Copyright The Jordan Times. All rights reserved. Provided by SyndiGate Media Inc. (
See - Sada Elbalad
18-06-2025
- Business
- See - Sada Elbalad
UK Launches 'Green Growth' Campaign in Egypt to Boost Climate Cooperation
By Ahmad El-Assasy The British Embassy in Cairo has officially launched the 'Green Growth' campaign, a high-impact initiative aimed at accelerating climate cooperation and unlocking sustainable economic potential between the United Kingdom and Egypt. The campaign was inaugurated in the presence of Egypt's Minister of Investment, Engineer Hassan El-Khatib, alongside senior officials from the Financial Regulatory Authority, the General Authority for Investment, the Federation of Egyptian Industries, and the Ministries of Finance and International Cooperation. Running through to COP30 in November 2025, the campaign sets out three core objectives: Reinforcing Egypt's leadership on global climate action Opening new trade and investment partnerships with UK businesses Deepening cooperation on Egypt's green transition The UK seeks to support Egypt's pivotal role in the global shift towards green energy. Through joint expertise, the partnership aims to help achieve both Egypt's national climate goals and broader international targets. This collaboration has already seen Egypt engaged in major UK-hosted summits, including the IEA's Future of Energy Security forum, and will intensify in the lead-up to COP30. The UK also plans to support Egypt's green policy frameworks by sharing its world-leading experience in regulatory reforms, carbon markets, network management, and sectoral capacity building. Technical cooperation will further extend to food security and water resilience, enabling Egypt to better adapt to the consequences of climate change. On the trade and investment front, both countries have set an ambitious goal of securing $500 million in green investments over the next six months. The UK government and private sector have already invested more than $1 billion in Egypt's renewable energy sector, recognizing the country's vast potential. As part of this green investment drive, the British International Investment (BII)—the UK's development finance institution—announced a total of $305 million in new support for renewable energy projects in Egypt. On June 16, BII confirmed its participation in building Africa's largest onshore wind farm, a 1.1 GW project in Egypt's Suez region. The institution will contribute nearly $190 million to the project, which is backed by a global alliance of development lenders. The wind farm is expected to significantly reduce Egypt's reliance on natural gas, aligning with its green energy transition. Just a day earlier, BII also pledged $115 million as part of a $479 million funding package for Obelisk Solar Power, aimed at developing Egypt's first utility-scale solar + battery storage plant. Located in Nag Hammadi, the project will deliver 1.1 GW of photovoltaic energy with 200 MWh of storage capacity and is set to begin operations in 2026. British Ambassador to Egypt Gareth Bayley stated: 'The Green Growth campaign reflects our shared ambition to lead on climate action, drive sustainable investment, and build a greener, more resilient future. It not only strengthens UK-Egypt climate goals but also creates new opportunities for innovation, cooperation, and prosperity.' Sherine Shahdy, BII's Egypt Country Director, added: 'Investments in the Obelisk and Suez projects are pivotal steps toward clean energy in Egypt. These projects will not only generate power but stimulate economic growth, create jobs, and deliver reliable energy for communities. BII is proud to be leading this transformational shift.' The campaign builds on the strong climate ties established during COP26 in Glasgow and COP27 in Sharm El-Sheikh, which marked a turning point in UK-Egypt climate diplomacy. Since then, the UK has committed over $250 million to Egypt across technical and financial assistance programs, infrastructure development, and multilateral advocacy. 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Yahoo
27-05-2025
- Business
- Yahoo
Osaka World Expo's Hainan Week showcased the boundless potential of the Free Trade Port
CCPIT Hainan Provincial Committee HAIKOU, China, May 26, 2025 (GLOBE NEWSWIRE) -- The Hainan Week, themed "Towards Green Growth, Open and Shared," was held at the World Expo's China Pavilion in Osaka, Japan, on May 23-25, 2025, at which the successes and opportunities of the Hainan Free Trade Port to the world were well presented. A Media Snippet accompanying this announcement is available in this link. During the event, Hainan launched investment and trade activities in Tokyo, Osaka, and Hyogo, introducing the policies and industries of the Free Trade Port and facilitating partnerships between Hainan and Japanese enterprises. The China Council for the Promotion of International Trade (CCPIT) Hainan Provincial Committee, the China Chamber of International Commerce (CCOIC) Hainan Chamber of Commerce, and the Chinese Chamber of Commerce in Kansai of Japan inked a memorandum -- the three parties will give full play to their respective advantages to support exchanges and cooperation between the two places. In addition, Japan's Taopin International Co., Ltd. joined hands with the Hainan Smart Eco-Industry Park Group to co-establish the Hainan Global Exhibition Center so that more health, biomedicine, elderly care, new materials, and artificial intelligence projects can be landed in Hainan. To offer visitors a tangible glimpse into the province's intangible cultural heritage, also exhibited at Hainan Week were Li ethnic group accessories, Li brocade, creative products, performances of the Li dyeing, weaving, and embroidery skills, applications of Hainan agarwood, and many more. Nobuhiko Sasaki, president of the Japan-China Economic Association, pointed out that as China's only free trade port, Hainan has long attracted attention from all walks of life. He hoped that this event can allow global friends to further discover opportunities. His association is geared up to deepen ties between the Japanese business community and Hainan. In recent years, Hainan and Japan have achieved fruitful collaborations in a wide range of fields, such as medical care, modern agriculture, and the digital economy. In 2024, Hainan's utilized Japanese investment increased by about 54% year-on-year, while at least 100 Japanese companies registered in Hainan. This year, direct flights from Haikou to Tokyo and Osaka have been opened, making business and cultural exchanges convenient. According to Lin Chunhong, vice president of the CCPIT Hainan Provincial Committee and the CCOIC Hainan Chamber of Commerce, the committee plans to leverage the resources of investment promotion, international economic liaison, legal services, etc., to build a business platform for Japanese enterprises and provide them support across the board. Source: CCPIT Hainan Provincial Committee CONTACT: Contact person: Ms. Fu, Tel: 86-10-63074558
