Arab Finance: The British International Investment (BII) is planning to invest in the Egyptian sectors of renewables, green hydrogen, and infrastructure, Head of Egypt Office and Coverage Director of North Africa at BII Sherine Shohdy told Asharq Business.

Moreover, the BII is seeking to pump investments into long-term industrial, commercial, and agricultural projects that would contribute to the country’s economic development, Shohdy said.

She added that the UK’s development finance institution allocates between $2 to $2.5 billion annually for investments in Africa and Asia.

At the end of 2023, the institution’s cumulative investment portfolio in Egypt surpassed $700 million, distributed over around 70 companies, Shohdy pointed out.

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