World Bank Funds 49 Projects in Egypt worth $346 Million Over Four Years

The World Bank Group helped finance 579 contracts linked to 49 projects in Egypt over the past four fiscal years, with a total value of $346 million, according to Heba Tahboub, Director and Chief Procurement Officer at the World Bank Group.

Tahboub said the contracts were awarded to Egyptian companies between fiscal years 2021/2022 and 2024/2025, supporting medium- and long-term investment projects with implementation periods ranging from five to ten years.

According to figures released on Wednesday, the bulk of the financing was directed toward project-related works, which accounted for 57.88% of total funding, with a combined value of $200.45 million.

Meanwhile, consulting services and goods represented 36.43% of total contracts, amounting to $126.18 million, reflecting strong engagement in technical support, advisory services, and equipment supply.

The remaining 4.8% of financing was allocated to non-consulting services, covering operational and support activities across various development projects.

Tahboub noted that the contracts were designed to support strategic development investments in Egypt, emphasizing sustainability and capacity building over extended time horizons. The World Bank’s procurement framework aims to maximize local participation while ensuring transparency, value for money, and long-term economic impact.

The financing forms part of the World Bank Group’s broader engagement with Egypt, focusing on infrastructure development, institutional reform, and private-sector participation to support inclusive economic growth.