الهيئة العامة للرقابة المالية

The Financial Regulatory Authority (FRA), represented by the Regional Center for Sustainable Finance (RCSF), hosted a delegation from the Suez Canal Economic Zone (SCZone) in a coordination meeting. The meeting’s purpose was to highlight FRA’s pioneering experience in launching the first regulated Voluntary Carbon Market which is supervised and regulated by Capital Market Authorities and is considered a unique model regionally and internationally.

During the meeting, FRA outlined its comprehensive efforts to develop and establish the regulatory framework for the new market. The discussion also included an overview of the dedicated platform for registering carbon reduction projects, its associated regulations and the rules for issuing, registering and trading carbon credits.

In turn, the SCZone delegation presented its own sustainability and emissions reduction strategy, which includes a range of plans and initiatives designed to drive sustainable development within the economic zone.

Meeting’s attendees from the Financial Regulatory Authority included Mr. Mohamed El-Sayyad, FRA Vice Chairman; Mr. Mohamed Ayyad, Media Advisor to the Chairman; and Dr. Tarek Seif, Executive Director of the Financial Services Institute. The Suez Canal Economic Zone (SCZone) was represented by a delegation led by Mr. Moustafa Shaikhon, SCZone’s Vice Chairman for Investment and Promotion.

This meeting highlights the crucial collaboration between government entities to maximize the

benefits of national initiatives. By leveraging these efforts, both parties aim to strengthen the national economy and support Egypt’s transition to a green economy, ultimately achieving its sustainability and development goals.