Under the leadership of Minister of International Cooperation (MoIC) Rania Al-Mashat, a high-level round table was hosted to introduce investment guarantees totaling €1.8 billion to development partners and international institutions.
This substantial funding, a significant portion of a larger financing package of €7.4 billion allocated to Egypt, is provided by the European Union.
As Minister Al-Mashat stated, these guarantees will attract foreign direct investment valued at €11 billion in priority sectors. They will be made available through European and other international financial institutions.
Minister Al-Mashat emphasized the importance of promoting collaboration among development partners and utilizing the various resources provided by international institutions to strengthen and empower the private sector.
This collaborative approach aims to expand opportunities for foreign direct investments and support the government’s initiatives to boost private sector involvement in different areas of development.
In recent news, Prime Minister Mostafa Madbouly presided over the signing of four financing agreements totaling €300 million, funded by grants from the European Union.
Moreover, Egypt also sealed deals for four green ammonia projects valued at $33 billion during the second day of the Egypt-EU Investment Conference, signaling the growing number of such projects in the Suez Canal Economic Zone (SCZone).
