Egypt, EBRD sign development financing agreement, 3 MoUs in support of green transition, Egypt’s 2035 Startegy

Egypt, EBRD sign development financing agreement, 3 MoUs in support of green transition, Egypt’s 2035 Startegy

CAIRO - 22 April 2021: The Ministry of International Cooperation witnessed the signing of a development financing agreement and 3 memoranda of understanding (MoUs) between the European Bank for Reconstruction and Development (EBRD), the Government of Egypt, and the private sector, to promote the transformation towards a green economy, paving the way for sustainable cities. This is also in support of the private sector's efforts to expand its contributions to solar energy. 

 

This comes in light of the President of EBRD's visit to Cairo; her first visit to the region since her election in October 2020. 

 

3 Agreements Within the “Green Cities” 

 

The Minister of International Cooperation and Governor of Egypt at the European Bank for Reconstruction and Development (EBRD), Rania A. Al-Mashat witnessed the signing of a development agreement between the Ministry of Housing, Utilities & Urban Communities, the Ministry of Local Development, and the EBRD to include the 6th of October City as part of the EBRD's “Green Cities” project.

 

This took place in the presence of  Sayed Ismail, the Deputy Minister of Housing, Utilities and Urban Development; Major General Mahmoud Sharawi, the Minister of Local