Egypt Strengthens Partnership with European Investment Bank for Private Sector Development

Strategic Insights -

Egypt's Prime Minister, Dr. Mostafa Madbouly, and the European Investment Bank's Vice President, Ms. Giusy Figlioli, reaffirmed their commitment to strengthening their partnership in a meeting held in Cairo. The meeting took place on the sidelines of the "Development Finance for Empowering the Private Sector: Economic Growth and Employment" conference, where the two leaders discussed the strategic partnership between Egypt and the European Investment Bank. The partnership has been instrumental in supporting the growth of the private sector in Egypt, with a significant increase in private sector investments in recent years. The government has set targets to further increase the private sector's contribution, but has already exceeded these targets.

Key Takeaways:

  • The Egyptian government and the European Investment Bank have a longstanding partnership dating back to 1979, with the bank implementing 127 projects with funding valued at approximately 14 billion pounds.
  • The value of the cooperation portfolio amounts to approximately 2.9 billion pounds for the implementation of 16 developmental projects in sectors such as transportation, environment, sanitation, small and medium enterprises, and civil aviation.
  • The partnership has been instrumental in supporting the growth of the private sector in Egypt, with a significant increase in private sector investments in recent years.
  • The government has set targets to further increase the private sector's contribution, but has already exceeded these targets.
  • The European Investment Bank has expressed interest in cooperating with Egypt on water projects, in addition to its current areas of collaboration.
  • Dr. Rania Al-Mashat, Minister of Planning and Economic Development, expressed her hope for continued cooperation in the field of small and medium enterprises and entrepreneurship.

Statistics:

  • The European Investment Bank has implemented 127 projects in Egypt with funding valued at approximately 14 billion pounds.
  • The value of the cooperation portfolio amounts to approximately 2.9 billion pounds for 16 developmental projects.
  • Private sector investments in Egypt have increased significantly, thanks to government support.
  • The government has exceeded its targets for increasing private sector contributions.

Sources:

  • State Information Service Egypt. (2025, June 15). Meeting between the Prime Minister and the Vice President of the European Investment Bank.