Egypt has inked several new financing agreements with the European Investment Bank (EIB), in collaboration with investment funds and private sector companies, further strengthening the longstanding partnership between Egypt and the European Union.
The agreements were signed during an event organized by the Ministry of Planning, Economic Development, and International Cooperation, reflecting decades of cooperation with the EIB, which serves as the EU’s primary financial arm and has supported numerous development projects across Egypt.
Two major memoranda of understanding were concluded: one valued at €80 million and another at €37 million. Both are designed to support private sector companies operating in key sectors, including education, healthcare, transportation, and infrastructure, as well as initiatives for training and capacity building.
Officials highlighted that the agreements aim to enhance the role of the private sector in driving economic growth, creating employment opportunities, and improving the quality of services delivered to citizens.
These new financing deals underscore Egypt’s ongoing commitment to deepening strategic economic cooperation with the European Union, while promoting sustainable development and private sector-led growth.
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