As an important country playing a major role in the MEA region, Egypt has positioned itself to occupy a fundamental place in the global economy. Cairo has always been the crossroad of Arab-African and international commerce. The trade liberation, exports promotion and Foreign Direct Investment (FDI) as well as the international development are the corner stones for enhancing Egypt’s competitiveness.
In terms of population, Egypt is considered the biggest country in Africa and the Middle East region, its population was 77.5 million in 2006, then it jumped to 99 million in 2019. The urban population represents 75% of the total number of the population.
Researchers estimated that the value of investment in that field will provide about 25 billion dollars annually, and the value of selling price for cans scrap ton is estimated with $1500 while the carton tons is estimated at $450. According to the World Bank data, solid waste managements in Egypt costs annually between 32.4 and 37.3 million dollars.
Adding to all this the Egyptian President H.H Abdelfattah El Sisi has given the environmental file a top priority in his declaration for the vision of 2030 for sustainable development which has shown a great interest in the Environmental sector related managing waste & recycling as well as different energy resources such as waste to energy and many new laws and regulations have been implemented in this regards. To achieve this vision the government has planned a circular economy strategic plan to reach its goals where:
- A national waste policy has been developed in consultation with all relevant stakeholders and submitted to the parliament.
- Operator models for collecting and recycling of waste are currently being piloted in the governorates.
- Alternative financing modules for waste management are being examined for example Extended Producer Responsibility (EPR)
With this increase in population, the rapid urban development, the global warming and the need to reduce pollution along with the importance of the environmental file and the circular economy strategic plan, the demand for new solutions and technologies has increased in the Egyptian market especially with the new mega projects and smart cities being implemented such as (Suez Canal New South Industrial Zone, 2.5 million hector for land reclamation, New Administrative Capital and other new urban communities, Suburbs replacements with new urban communities). With the new changes in the Egyptian market and the rise of mega projects and smart cities, the needs for new technologies and solutions in the field of waste management and recycling appeared. The Egyptian market is a virgin market in this field that provides many investment and business opportunities in different sectors of waste management and recycling for large, medium and small companies as well as Startups.
Thus, inspection by Ministry of Environment has become very firm in applying environmental regulations in different Egyptian industries and is one of the government priorities, which enforced the industrial producers to apply these laws to avoid any penalties.
Along with the governmental regulatory controls, awareness campaigns have been held which lead to behavioral changes with slight positive impacts.
Egyptian waste and recycling market:-
According to World Bank data, solid waste management cost in Egypt annually, ranging between 32.4 and 37.3 million dollars and paper recycling is on the top of the recycling processes in Egypt which make it a great opportunity to any investment.