Egypt received $5.5bn from EBRD during 2017-2022

Since its inception in 2012,  the EBRD has invested more than €8.7 billion in Egypt, supporting the implementation of 145 projects, with over 76 percent for the private sector.
Short Url
Updated 20 February 2022
Follow

Egypt received $5.5bn from EBRD during 2017-2022

CAIRO: The European Bank for Reconstruction and Development, known as EBRD, has provided €4.9 billion ($5.5 billion) in development funds to the governmental and private sectors in Egypt during the period 2017 to 2022. 

The bank is currently in the process of approving a joint country strategy with Egypt for the period from 2022 to 2027.

The Ministry of International Cooperation revealed the results of the previous country strategy for the period from 2017 to 2022 amid its work with the bank to enhance development efforts in four areas.

The four areas are: Supporting the competitiveness of the private sector in Egypt, improving the quality and sustainability of public utilities and infrastructure, supporting the transition toward a green economy and strengthening governance, and competitive frameworks among companies.

Since its inception in 2012,  the EBRD has invested more than €8.7 billion in Egypt, supporting the implementation of 145 projects, with over 76 percent for the private sector.


RLC Global Forum 2026 opens, leading the agenda for transformation in retail industry

Updated 5 sec ago
Follow

RLC Global Forum 2026 opens, leading the agenda for transformation in retail industry

RIYADH: The RLC Global Forum 2026 opened in Riyadh on Feb. 3, aiming to shape the future of retail and consumer-facing industries by bringing together the most influential leaders from across the sector.

Addressing the opening session, Panos Linardos, chairman of RLC Global Forum, said: “We meet at a moment that feels fundamentally different from just a few years ago. Growth today is no longer linear. It is no longer evenly distributed. And it is no longer guaranteed. 

“We find ourselves at what we call a growth crossroads, a moment where traditional models are under pressure, geopolitical dynamics are reshaping trade and investment, and leadership choices carry longer-lasting consequences.”

He added that at the 2025 event, the discussions were focused on trust and collaboration in a time of disruption. 

“This year, the environment is more fragmented, more volatile, and more urgent,” he said, explaining that supply chains are shifting, consumer expectations are moving faster than organizations, and capital is more selective.

Linardos also stated that the boundaries between retail, real estate, technology, policy, and culture “are increasingly blurred.”

At a growth crossroads, progress is a shared responsibility requiring clarity, coordination, and balanced leadership, he said adding over the next two days, the forum will bring together global CEOs, retailers, and real estate leaders, as well as policymakers, academics, investors, and innovators.

“The purpose is clear: to examine how growth is being rebuilt, where it is being redefined, and what leadership looks like in this new context,” the forum chairman said.

Linardos set out details of the NextGen retail challenge, which is developed with the Innovation and Entrepreneurship Center at Princess Nourah bint Abdulrahman University and Monsha’at.

Vice Minister of Economy and Planning Ammar Nagadi used his opening remarks to put his perspective on how economic choices translate into competitiveness and long-term value is especially timely for the discussions ahead.

The 2026 forum is exploring six defining themes that capture the transformation reshaping global trade, consumption, and leadership: Growth in a Reordered World, AI and the Power of Multipliers, Global South as Growth Engine, Experience as Growth Infrastructure, Future Consumer Order, and Leadership Beyond Resilience.