one billion euros.. European Construction aims to invest in the private sector in Egypt during 2023

Rania Al-Mashat, Minister of International Cooperation and Governor of Egypt at the European Bank for Reconstruction and Development, concluded her participation in the 32nd annual meeting of the European Bank for Reconstruction and Development, which was held in Samarkand, Uzbekistan, under the slogan "Investing in Resilience", with the participation of delegations from 71 member countries of the Bank and senior officials uzbek government officials.

The meetings witnessed Egyptian participation, reflecting the joint relations between the two sides and the efforts exerted to support the achievement of sustainable and comprehensive development, which began in 2012, and over the course of about 11 years, more than 10 billion euros of investments have been pumped into 163 projects, more than 78% of which are directed to the private sector.

European Bank for Reconstruction and Development

The meetings witnessed Egyptian participation, reflecting the strength of the relationship with the European Bank for Reconstruction and Development, and promotion of the implemented development cooperation projects, especially the digital transformation project in the Suez Canal Economic Zone, and an affirmation of the strong relationship with the bank by winning the Egyptian banking sector a new award within the European Bank’s Trade Finance Program.

Promote Egypt's development stories

In confirmation of Egypt's leadership in development efforts and strong relations with the European Bank, and its reflection on Egypt's development vision and efforts to stimulate green transformation, the European Bank for Reconstruction and Development presented a promotional film to highlight the projects being implemented in Egypt within the framework of partnership with the Bank within the "Green Cities" program.

Environmental challenges

 In confirmation of Egypt's leadership in development efforts and strong relations with the European Bank, and its reflection on Egypt's development vision and efforts to stimulate green transformation, the European Bank for Reconstruction and Development presented a promotional film to highlight the projects being implemented in Egypt within the framework of partnership with the Bank within the "Green Cities" program.

  Through this, the bank aims to help cities face environmental challenges, improve the quality of life, and combat the effects of climate change, through an action plan that is being implemented, to shift towards green cities.

It also aims to provide green financing for projects to be implemented in various fields. It aims to include 100 cities around the world by 2024.

  The bank aims to help cities face environmental challenges, improve the quality of life, and combat the effects of climate change, through an action plan that is being implemented, to shift towards green cities, and to provide green financing for projects targeted for implementation in various fields.

The bank presented the 6th of October city dry port projects, the project to rehabilitate the second line of the subway, and the Abu Qir metro project in Alexandria, in light of the close partnership between Egypt and the bank and the accession of 3 Egyptian cities to the green cities program, which are Greater Cairo Governorate, Alexandria Governorate, and Sixth of October City.

Economic Zone of the Suez Canal

In addition to the presentation of the European Bank for Reconstruction and Development, the European Bank chose the digital transformation project in the General Authority for the Economic Zone of the Suez Canal, and projects from 3 other countries, selected from among the 71 member countries of the Bank, to be presented during the main session of the meetings that witnessed the participation of the Uzbek President. As one of the pioneering projects that stimulate investments in Egypt and enhance the role of the region as a destination for global investments.