Highlighting Egypt's strategy to increase the share of renewable energy in its energy mix, Esmat emphasized the role of private sector involvement and government support in diversifying electricity sources
The visit highlights the growing partnership between Egypt and the EIB, aimed at promoting sustainable development, addressing climate change, and stimulating economic progress.
This funding will be allocated in two parts: €28 million will be directed towards bolstering risk management and credit guarantee mechanisms, specifically tailored to address the financing requirements of small and medium-sized enterprises (SMEs)
Minister Al Mashat is scheduled to meet EIB President Calviño and the discussions will look into enhancing areas of joint cooperation and future plans for joint efforts within the framework of the bilateral cooperation strategy
The EIB’s choice to establish its new headquarters in Egypt reflects its confidence in the robust relations between the country and its EU partners
