EIB to provide $4.41bln for NWFE projects in Egypt: Al-Mashat at EIB MED Conference

EIB to provide $4.41bln for NWFE projects in Egypt: Al-Mashat at EIB MED Conference

Egypt’s Minister of International Cooperation Rania Al-Mashat delivered the closing speech at the 2023 edition of the EIB MED Conference, which was jointly organised by the Spanish Presidency of the European Union and the Union for the Mediterranean. The conference was held under the theme of “Connectivity in the Mediterranean: Together for a Better Future.” This included the participation of Gelsomina Vigliotti, Vice President of the European Investment Bank (EIB), Hassan Abdallah, Governor of the Central Bank of Egypt, Ambassador Nasser Kamel, Secretary General of the Union for the Mediterranean, and other government representatives, leaders of the EIB, the private sector, international financing institutions, and relevant stakeholders. In her speech, Minister Al-Mashat highlighted Egypt’s progress in infrastructure development. She noted that the country has seen significant growth in the infrastructure sector in recent years, driven by strong political will and effective partnerships between the government and private sectors. She also spoke about the government’s efforts to develop 14 smart cities and to expand the use of green buildings, which are designed to increase energy efficiency and reduce environmental impact. Minister Al-Mashat also discussed Egypt’s cooperation with the European Investment Bank (EIB) to support sustainable infrastructure and clean energy transition. She