Tomorrow…the Vice President of the European Bank for Reconstruction and Development will make an official visit to Cairo
Greg Gate, First Vice-President of the European Bank for Reconstruction and Development, will begin an official visit to Egypt tomorrow, lasting from December 8 to 10, during which he will hold a series of high-level meetings with senior officials in the Egyptian government and a number of representatives of the private sector, within the framework of strengthening the partnership and supporting development and investment plans.
This is Gate’s first visit since he assumed his position last September, during which he is accompanied by a senior delegation from the bank, which includes Matteo Patroni, Vice President of Banking Operations, Mark Davis, Executive Director of the Southern and Eastern Mediterranean Region, and Reem Al-Saadi, Vice President of the Egypt Office.
According to the visit schedule, the bank delegation will meet with the Prime Minister, Dr. Mostafa Madbouly, the Deputy Prime Minister and Minister of Transport, Industry and Internal Trade, Kamel Al-Wazir, in addition to Dr. Rania Al-Mashat, Minister of Planning, Economic Development and International Cooperation and Egypt’s Governor at the Bank, and Engineer Karim Badawy, Minister of Petroleum and Mineral Resources, to discuss cooperation paths in a number of economic and investment files.
In his statements before the visit, Greg Gate confirmed his aspiration to meet Egyptian officials and the bank’s clients in Cairo, and said: “I look forward very much to my visit to Egypt, as it is one of the bank’s most important partners in the Mediterranean region due to its strategic location and active private sector.” He added: “We are committed to supporting sustainable and long-term growth in line with the Egyptian state’s ambitions and strategic priorities.”
The visit comes at a time when the European Bank for Reconstruction and Development is strengthening its development role in Egypt, as the country has pumped in 2024 about 1.5 billion euros from the bank’s investments, the highest share in the southern and eastern Mediterranean region. The bank focuses its investments on supporting the comprehensive economy, accelerating the green transformation, and enhancing the competitiveness of the Egyptian economy by supporting the private sector and improving governance.
Since the start of the bank’s activity in Egypt in 2012, its total investments have reached more than 13.8 billion euros in about 209 projects that included the sectors of infrastructure, energy, transportation, and small and medium enterprises, making Egypt one of the largest countries benefiting from the bank’s financing in the region.
The upcoming meetings are scheduled to address opportunities for expanding green transformation initiatives, financing sustainable projects, and enhancing the role of the private sector in driving economic growth during the next stage.
- For more: Follow Khaleejion 24 Arabic, Khaleejion 24 English, Khaleejion 24 Live, and for social media follow us on Facebook and Related
