Asian Infrastructure Investment Bank

Egypt's strategic collaboration with AIIB drives sustainable infrastructure development

Thu, 28 Sep 2023 - 12:58 GMT

One of the key highlights of AIIB's collaboration has been the facilitation of $360 million in concessional financing to support 11 private sector companies.

Find out what happened at the 8th edition of AIIB Annual Meetings

Wed, 27 Sep 2023 - 02:43 GMT

During the first day of the annual meetings, President El-Sisi emphasized the need for additional low-cost funding for emerging countries in light of the global economic challenges

AIIB to invest $1B in Egypt’s private sector: Finance Ministry

Tue, 26 Sep 2023 - 11:25 GMT

Banque Misr will also receive part of the financial fund, and the rest would be used to continue developing the Alexandrian metro project.

President El-Sisi calls for low-cost financing to support emerging markets

Mon, 25 Sep 2023 - 05:02 GMT

President El-Sisi's call for low-cost funding echoes the pressing need to support emerging countries in overcoming economic challenges and ensuring their continued growth and resilience in the face of global crises.

Egypt, AIIB forge path to sustainable development with $1.3B investment portfolio

Sun, 24 Sep 2023 - 04:34 GMT

Maait explained that Egypt is working closely with the AIIB, a multilateral global bank, to establish cross-border developmental partnerships, primarily led by the private sector.

Egypt prepares to host the 8th Annual AIIB meetings in December 2023

Wed, 13 Sep 2023 - 04:31 GMT

Egypt will be hosting the bank’s annual conference in Sharm El Sheikh during December 25 and 26. This marks the AIIB’s first in-person meetings since 2019 and its first in Africa.

Representing Africa at AIIB, Egypt aims to strengthen Africa-Asia ties, Maait

Wed, 23 Aug 2023 - 02:38 GMT

As a founding member of the AIIB, Egypt aims to fortify connections between Africa and Asia and realize its sustainable development goals with the overall goal of improving the livelihoods of African citizens, Maait stated

AIIB's investment portfolio in Egypt exceeds $1B

Thu, 14 Apr 2022 - 12:33 GMT

Maait elaborated Thursday that Egypt is one of the founding countries of the bank, and the largest shareholder from the African continent.

Egypt's portfolio with AIIB hits $660M: Bank's Chief Economist Erik Berglöf

Tue, 10 Nov 2020 - 12:28 GMT

Berglöf clarified Tuesday that his bank support the diversification of energy mix towards renewables in Egypt which lead to 11 projects in Benban solar Part and rural sanitation project.

AIIB delegation tours Egypt’s NAC, reviews cooperation chances

Thu, 13 Dec 2018 - 09:59 GMT

AIIB’s president praised the establishment of the Administrative Capital by self-financing through the sale of lands to investors.

AIIB lauds SCZone projects

Wed, 21 Nov 2018 - 02:06 GMT

During a tour of project sites in Ismailia and Port Said, the delegates said that the bank plans to pump more investments in infrastructure projects in Egypt.

Kabil, AIIB official discuss funding industrial zones projects

Mon, 30 Oct 2017 - 05:13 GMT

Kabil met on Monday with AIIB's senior official Yee Ean Pang to discuss the bank’s projects currently being established in Egypt.

AIIB, IFC participates in $210M loan to Egypt’s renewables

Tue, 05 Sep 2017 - 09:27 GMT

The loan will allow Egypt to increase power generation capacity and reduce reliance on gas and fuel, to help meet its commitment under the Paris Climate Agreement.

AIIB gets top rating by Fitch

Fri, 14 Jul 2017 - 05:00 GMT

The bank enjoys "an excellent level of liquidity" and should benefit from easy access to capital markets, Fitch said.

AIIB considers funding energy projects in Egypt: Minister

Wed, 21 Jun 2017 - 02:27 GMT

The Asian Infrastructure Investment Bank (AIIB) will study funding for new and renewable energy projects in Egypt,

Finance minister to participate in AIIB’s annual meeting Friday

Fri, 16 Jun 2017 - 11:57 GMT

Minister of Finance Amr El-Garhy will participate Friday in the annual meeting of the Asian Infrastructure Investment Bank (AIIB).

Finance minister to meet with AIIB vice president Monday

Mon, 22 May 2017 - 10:11 GMT

Minister of Finance Amr el-Garhy will meet on Monday with Vice President of the Asian Infrastructure Investment Bank (AIIB) Joachim von Amsberg.