The European Bank for Reconstruction and Development (EBRD) has invested $2b in Egypt through 32 projects since 2012, according to EBRD Director, Philip ter Woort. Investments of the bank were primarily focused on energy, industrial, transport, and infrastructure sectors, reported Amwal Al Ghad.
EBRD is keen to cooperate with the Egyptian government to implement more projects tailored to boost the country’s economy and create additional job opportunities, Woort told Egyptian Minister of Industry Tarek Qabil during a meeting held in Cairo on 9th of February.
One of the projects EBRD is supporting named “Technology and Policy Scoping for a Low-Carbon Egyptian Cement Industry” is aimed at developing a low-carbon roadmap for the cement industry in Egypt. It will provide guidance for industry players and relevant decision makers in Egypt on reducing sectoral GHG emissions while improving the sector’s energy efficiency and energy security.