Rania Al Mashat
Rania Al-Mashat, Minister of Planning, Economic Development, and International Cooperation, presented that during the plenary session of the Senate.
The high-level meeting reflects the strong and evolving partnership between Egypt and the EBRD.
Egypt’s structural reform efforts—particularly in renewable energy—have strengthened its investment climate and enabled access to innovative financing, says Al Mashat
The agreements span vital sectors including water treatment, sanitation, electricity, and railway infrastructure, reflecting Egypt’s commitment to sustainable development and regional cooperation.
This financing is a segment of a larger €7.4 billion agreement made between Egypt and the EU in March of last year.
A major focus of the discussion was the vital role that electricity and renewable energy play in bolstering Egypt’s economic growth while promoting long-term sustainability across the nation.
Ukraine’s Minister of Agricultural Policy and Food Vitaliy Koval recently expressed the country’s interest in establishing a logistics zone in Egypt to facilitate Ukrainian exports to Africa.
This funding is part of a broader €5 billion support package from the EU, with €1 billion already received by the Egyptian government in December.
Since 2012, cooperation between the two has led to investments totaling €13.8 billion across 194 projects, with over 84 percent of these funds directed towards the private sector, according to Al Mashat.
The non-petroleum manufacturing sector led the way with 7.1% growth, fueled by streamlined customs processes and improved access to production inputs
The agreement, valued at $131 million, aims to bolster Egypt's economic diversification efforts and improve the business environment
The project, implemented by Suez Wind, is a private consortium jointly owned by ACWA Power and HAU Energy, with investments from EBRD, Hassan Allam Utilities, and Meridiam Africa Investments.
Al-Mashat emphasized the World Bank Group’s vital role as a strategic partner in advancing Egypt’s economic priorities. She acknowledged the bank’s substantial contributions across sectors such as education, healthcare, transportation, social protection, housing, and private sector development
Minister of Planning, Economic Development, and International Cooperation, Rania Al-Mashat, emphasized the transformative impact of these investments during her visit to the Sustainable Agriculture Investments and Livelihoods (SAIL) project in Minya
The agreements include a $230 million concessional development loan, equivalent to 35 billion Japanese yen, aimed at supporting Egypt’s budget and advancing critical structural reforms. Additionally, grants worth $4.3 million will be used to renovate the Cairo Opera House and expand agricultural mechanization, boosting public services and enhancing the livelihoods of small-scale farmers.
In her keynote address, Minister Al-Mashat emphasized the enduring strength of Egyptian-Japanese relations and their shared commitment to addressing development challenges. “Egyptian-Japanese partnerships reflect the importance of collaborative efforts to tackle development challenges,” Al-Mashat stated, highlighting the alignment of shared visions and priorities that have driven progress across key sectors.
The initiative will be executed in collaboration with the General Authority for Veterinary Services and other agencies, focusing on enhancing livestock management, improving animal health, and combating antibiotic-resistant microbes
These projects build on a robust history of cooperation in technical education between Egypt and Germany, with total funding reaching €121.5 million to date.
The program aims to boost renewable energy production, reduce reliance on thermal power plants, and support Egypt’s National Climate Change Strategy 2050.
The inaugural session aims to activate an updated economic cooperation agreement, replacing the one from 1964, under which 12 committee sessions were held, the last in 1993. Al-Mashat noted that the new agreement aligns with current economic needs and will foster collaboration in various areas of development and economic growth.
