Minister of Investment and International Cooperation, Sahar Nasr witnessed on Wednesday the signing of financing agreements with the European investment Bank (EIB).
Three agreements are expected to be signed to fund infrastructure projects in Egypt (the construction of a sewage network and wastewater treatment plants in El-Fayoum, Alexandria, and Kafr El-Sheikh)
Moreover, The minister inaugurated a conference on increasing investment in the Mediterranean sea region in the presence of the European investment Bank president and his deputy.
It is worth to mention that Egypt enjoys flourishing period of upgrading the infrastructure.
Government seeks to funnel billions of pounds to fund projects of road, bridges and sewage.
The European Investment Bank has signed an agreement to invest USD 15 million in Egypt Mid-Cap, a generalist private equity fund targeting growth capital investments in small and medium-sized private companies located in Egypt.
The fund has attracted USD 85 million of commitments, including USD 70 million from other international and local co-investors.
This is the first EIB operation signed in Egypt under the Risk Capital Facility for the Southern Neighbourhood Countries and the first investment in an Egyptian fund since 2011.