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Egypt examines EBRD infrastructure financing
The article discusses Egypt's efforts to strengthen cooperation with the European Bank for Reconstruction and Development (EBRD) in order to support industrial development and the transition to a green economy. The focus is on financing renewable energy projects, carbon emission reduction technologies, improving resource efficiency, and developing small and medium-sized enterprises. Egypt has secured favorable financing of up to 250 million euros from the Climate Investment Fund (CIF) to promote green investment, alongside initiatives such as "Shams Industry" for solar energy and "SETI" for transitioning to solar power in the industrial sector. The plans also include streamlining procedures for allocating industrial land and providing technical support to small investors, aiming to attract European industries and transfer technology to Egypt. Both sides emphasized the importance of coordination to enhance competitiveness and drive the transition toward a more sustainable economy.
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