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Thursday, 28 July 2016

EBRD to boost investment in Egypt

FiT aside, The EBRD plans to pump more investments into Egypt in the coming years, Amwal Al Ghad reported. Country chief Philip ter Woort said during a meeting with Investment Minister Dalia Khorshid the bank would boost investment under the 2015 declaration of intent. Its investments are at about EUR 1.7 bn to date, ter Woort said during a meeting with International Cooperation Minister Sahar Nasr on Monday. Some 36% is directed toward the energy sector, 23% to the financial sector, 22% to the trade and industry sector and 20% to infrastructure, he said. EBRD’s website breaks down its project portfolio in Egypt in very nice detail.

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