World Bank boosts cooperation with Egypt

Egypt’s minister of investment and international cooperation shar Nasr, has met with a delegation from the World Bank, two sides discussion a possible second loan worth $500 million for a social housing project, as well as support for developing the Sinai peninsula.

Nasr, highlighting the importance of the sector, its benefit to investors, and its role in achieving sustainable developme, As the Egyptian government is continuously implementing its programmes to provide suitable housing for Egyptians at reasonable prices, said.

 Two sides discussed the additional fund to expand the projects' beneficiary base, with the World Bank group praising the major success achieved by the projects.

The World Bank delegation expressed its readiness to provide Egypt with the benefits of its experience related to involving the private sector in social housing projects, describing the Egyptian model in the programme as a “success story.”

By: Ahmed Yasser.