Egyptian Fund for Coral Reefs

The Egyptian Fund for Coral Reefs (EFCR) aims to ensure sustainable financing for the conservation of Egypt’s coral reefs in the Red Sea by establishing a conservation trust fund. It will provide grants to support conservation and reef-positive businesses, employ blended finance tools to attract private capital, and fund a blue economy incubator to foster reef-positive enterprises. The fund’s design will target long-term sustainability with a diverse revenue strategy, including capital campaigns and managed investments, aiming to raise approximately $50 million.