Ministry of Planning, EBRD sign MoU to boost public-private sector partnership
Updated 2/5/2025 2:18:00 PM
Arab Finance: The Ministry of Planning and Economic Development and International Cooperation has signed a memorandum of understanding (MoU) with the European Bank for Reconstruction and Development (EBRD) to enhance cooperation in implementing public-private partnership (PPP) projects, as per a statement.
The agreement aims to provide institutional support, capacity building, and technical assistance for these projects across various sectors.
The cooperation will focus on priority sectors such as transportation, ports, healthcare, electricity, energy, and water desalination, with the goal of expanding Egypt’s PPP model and boosting private sector involvement in national projects.
Minister of Planning and Economic Development and International Cooperation Al-Mashat emphasized that the MoU is part of ongoing efforts to strengthen Egypt’s economic diplomacy and cooperation with international institutions.
Since 2020, the ministry has prioritized collaboration with development banks to promote innovative solutions and bridge development gaps by leveraging the private sector’s expertise in implementing large-scale projects.
She noted that the EBRD is one of Egypt’s key development partners, having invested €1.5 billion in 26 projects in 2024 alone, 98% of which were directed to the private sector.
These investments included €3.2 billion in soft financing for renewable energy projects under the NWFE program.
Since becoming an EBRD operational country in 2012, Egypt has received €13.8 billion in investments across 194 projects, with 80% of the funding directed to the private sector.
Al-Mashat highlighted that Egypt has consistently been the top country of operations in the Southern and Eastern Mediterranean region and ranked third globally among EBRD member countries last year.
The minister added that Egypt will host the EBRD annual meetings in 2027, following approval from the bank’s Board of Governors, reaffirming the country’s strategic role in the bank’s operations and its commitment to strengthening private sector partnerships and sustainable development efforts.
Related News
