The World Bank has provided the Egyptian energy sector with $4 billion in financing, according to the Minister of Investment, Sahar Nasr, Amwal Al Ghad reports.

The funding includes $3 billion to support economic reforms in the sector and $635 million of direct investments from international and domestic investors to establish an international zone for solar-power generation in Aswan, the minister noted in an official statement on October 3rd.

In addition to this amount, the project has received more than $2oo million in financial guarantees from the World Bank’s Multilateral Investment Guarantee Agency (MIGA). The energy sector also received an additional $150 million in foreign direct investment.