EDENA Egypt Secures Strategic Cooperation with UN-Affiliated CEDARE, Unlocking 22 Arab Nations' Carbon Markets Worth $100 Billion
EDENA Group today announced that EDENA Egypt, its joint venture with Egypt's BEK Group led by former Prime Minister Ibrahim Mahlab, has secured strategic cooperation with CEDARE
TIMESINDONESIA, JAKARTA – EDENA Group today announced that EDENA Egypt, its joint venture with Egypt's BEK Group led by former Prime Minister Ibrahim Mahlab, has secured strategic cooperation with CEDARE, an intergovernmental organization representing 22 Arab nations and the European Union. The cooperation, confirmed by former Egyptian Environment Minister Dr. Khaled Fahmy who leads CEDARE, positions EDENA as the key digital securities platform for Middle Eastern and African carbon markets.
EDENA Egypt's joint venture partner, BEK Group, brings unparalleled regional influence to the partnership. Established in 1949, BEK stands as one of Egypt's most powerful financial conglomerates with operations spanning investment banking, infrastructure development, and real estate projects valued at hundreds of billions. Under the leadership of former Prime Minister Ibrahim Mahlab—who previously led Arab Contractors through mega-projects including the Suez Canal expansion—BEK maintains direct access to presidential advisory circles and regional government networks across 70 countries. This joint venture structure ensures EDENA Egypt operates with the highest level of government and institutional support.
Following high-level meetings in Cairo, CEDARE Executive Director Dr. Fahmy confirmed the strategic cooperation, opening pathways to carbon market development across 22 Arab nations. CEDARE, established in 1992 as an official UN partner, coordinates environmental policy across the entire Arab world.
"This cooperation with CEDARE transforms our global positioning," stated Wook Lee, CEO of EDENA Group.
"Combined with our Indonesian government partnerships, EDENA now bridges the two most strategic emerging market corridors – ASEAN and MENA – covering 2.6 billion people across 70+ countries," stated Wook Lee.
The partnership creates immediate synergies for PT Edena Capital Nusantara's Indonesian operations. Indonesian carbon credits will gain access to Middle Eastern buyers while Egyptian real estate opens to Indonesian investors through 24/7 trading across Jakarta-Cairo time zones. The UN-affiliated partnership strengthens EDENA's credibility with Indonesian regulators and positions the company to capture a combined market opportunity exceeding $100 billion across both regions.
"Indonesia launches Q4 2025, Egypt follows Q1 2026, enabling cross-border carbon credit trading and tokenized investment products," explained Yayang Ruzaldy, Director of PT Edena Capital Nusantara.
"This represents South-South cooperation at its finest – emerging markets directly connecting without Western intermediation," explained Yayang Ruzaldy.
The strategic cooperation grants EDENA access to Egyptian government-verified carbon projects, direct pathways to Saudi, UAE, and Qatar markets, and CEDARE's 30-year environmental database for market development.
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