Edena Group Secures Affiliated Cooperation, Here Are The Benefits For The Indonesian Carbon Market
JAKARTA - Edena Group today announced a significant strategic achievement, in which Edena Egypt, a joint venture with Egypt's BEK Group led by former Prime Minister Ibrahim Mahlab, has secured strategic cooperation with CEDARE (Centre for Environment and Development for the Arab Region and Europe).
Just so you know, CEDARE is an intergovernmental organization that represents 22 Arab countries and the European Union, as well as an official partner of the United Nations (UN) since 1992.
CEO of Edena Group, Wook Lee, said that this UN affiliate collaboration opened a path for Edena to develop a carbon market in 22 Arab countries, creating direct synergy for PT Edena Capital Nusantara's operations in Indonesia.
"This partnership is expected to capture opportunities for a combined market whose value exceeds 100 billion US dollars in ASEAN and Middle East and North Africa (MENA) regions," he said, Thursday, October 2.
He explained, combined with the Indonesian government's partnership with PT Edena Capital Nusantara, Eden is now bridging two of the most strategic developing market corridors, namely ASEAN and MENA, covering 2.6 billion people in more than 70 countries.
Furthermore, Wook Lee said, for Indonesia, this collaboration creates a double benefit, namely opening up access to the carbon market.
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"Indonesia's carbon credit will get direct access to buyers in the Middle East through the Edena platform," he continued.
On the other hand, cross-border investment is also increasingly wide open. Later, Egyptian investment products, such as tokenized real estate, will be open to Indonesian investors through trading 24/7 across the Jakarta-Kairo time zone.