European Investment Bank Strengthens Partnership with Egypt to Support Development Projects

European Investment Bank continues to expand its presence in Egypt by supporting major development projects for both the government and the private sector, within the framework of the comprehensive partnership between Egypt and the European Union.

The focus remains on infrastructure financing, green transition, and strengthening private sector participation.

During an official meeting in Cairo, the outcomes of the bank’s recent visit were reviewed, including extensive discussions with government entities and development partners.

Ongoing cooperation was highlighted in sustainable transport, energy, environmental projects, and support for small and medium-sized enterprises as key drivers of economic growth.

Officials noted that the current cooperation portfolio with the European Investment Bank stands at around €2.7 billion, alongside development grants exceeding €100 million, allocated to projects in transport, sanitation, civil aviation, food security, and energy.

In recent years, financing for the private sector has expanded significantly, with the bank providing major credit lines to Egyptian banks.

These facilities have helped finance thousands of small and medium-sized enterprises and supported the expansion of large companies.

Future Cooperation and Green Transition

The meeting also explored future cooperation opportunities, including coastal pollution reduction projects, housing finance, regional electricity interconnection, and collaboration in health, irrigation, and debt-for-development programs.

The European Investment Bank remains a key partner in advancing Egypt’s green transition and sustainable development goals.

Since the beginning of relations in 1979, the bank has invested heavily in Egypt, financing numerous projects and reinforcing long-term economic cooperation.