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Ahmed Shehata

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Ahmed Shehata is a senior associate at Helmy, Hamza & Partners, Baker McKenzie Cairo. He practices in banking, finance and projects, with a special focus on various forms of debt finance, loan facilities and debt capital markets. He has experience in drafting facility agreements, security documents and other finance and project development documents (including offtake and grid arrangements). Ahmed has advises lenders, commercial banks, multilateral financial institutions and export credit agencies, as well as developers and sponsors, during all stages of the structuring, development and financing of major projects. He obtained a B.A in Law with honors from Cairo University's Faculty of Law in 2016. He later went on to achieve a Master 1 in International and European Business Law from Universite Paris I (Pantheon-Sorbonne) in 2015 and Professional Master 2 in Banking and Financial Law from the same university in 2017. Ahmed was admitted to the Egyptian Bar Association in 2016.

Since the landmark Climate Change Conference (COP 27) in Sharm El-Sheikh, Egypt has been on a mission to revolutionize its carbon trading market. This journey began with Prime Ministerial Decree No. 4664 of 2022, which set the stage for a voluntary carbon market platform within the Egyptian Stock Exchange. Recently, the Egyptian Financial Regulatory Authority introduced a series of groundbreaking regulations to create a robust framework for the accreditation, issuance, listing, delisting, and trading of carbon emissions reduction certificates.

Recently, the Egyptian Financial Regulatory Authority has introduced a series of groundbreaking regulations to create a robust framework for the accreditation, issuance, listing, delisting, and trading of carbon emissions reduction certificates. On 13 August 2024, the FRA officially launched the first regulated voluntary carbon market. These steps underscore Egypt’s dedication to sustainable development and its ambition to lead the carbon trading market in the Middle East and Africa.