The bank’s investments in Egypt amount to about 5.3 billion euros in 99 projects within the sectors of transportation, electricity, renewable energy, housing and sanitation. The private sector’s share represents 58 percent of the total investments. The bank’s investment in Egypt represents more than 50 percent of its investments in Africa. The minister also met the CEO of the Global Infrastructure Hub (GI Hub) Marie Lam-Frendo to discuss cooperation between Egypt and the GI Hub. The two sides agreed to send a mission from the GI Hub in cooperation with the World Bank and the EBRD to Egypt within the coming period, to discuss its support in infrastructure projects.

Source: Egypt Independent January 25, 2020 15:22 UTC