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Wednesday, 19 September 2018

EBRD aims to raise investment in Arab world to EUR 2.5 bn by year’s end

EBRD aims to raise investment in Arab world to EUR 2.8 bn by year’s end: The European Bank for Reconstruction and Development (EBRD) plans to bring its total investment in the Arab world to EUR 2.5 bn by the end of 2018, up from EUR 2.2 bn at the end of last year, Southern and East Med Managing Director Janet Heckman said yesterday, Reuters reports. The bank invested EUR 2.2 bn last year in projects in Egypt, Tunisia, Morocco, and Jordan and has since added Lebanon and Palestine to its “areas of operation.” An EBRD delegation was in town earlier this month to discuss its Egypt plan for the rest of the year.

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