EIB: EIB's investment in Egypt reaches €8.7B in 95 projects

CAIRO - 30 September 2019: The European Investment Bank (EIB) is keen on strengthening partnership with Egypt during the upcoming period, Vice President of EIB Dario Scannapieco said.

EIB's investments in the Egyptian market recorded €8.7 billion in more than 95 priority projects in different sectors, including renewable energy, transportation, sanitation, small and medium enterprises (SMEs), Scannapieco noted.

The EIB is to boost human capital investments, in light of President Abdel Fattah El Sisi's initiative to invest in human capital.

Moreover, the EIB planned to bolster investment in infrastructure, Egypt's private sector, besides SMEs aiming to achieve sustainable development goals.

The remarks came during the 19th edition of dedicated European Investment Bank's (EIB) Conference to the Mediterranean region, which took place in Beirut on Monday.

Egypt is to continue to exert efforts to foster cooperation between the north and the south to achieve regional economic development, and offer more job opportunities, Egypt's Minister of Investment and International Cooperation Sahar Nasr said during the conference.

She also confirmed Egypt's support to all initiatives, which promote cooperation between the Mediterranean countries.