Minister of Investment and International Cooperation Sahar Nasr held a meeting with the vice president and chief investment officer of the Asian Infrastructure Investment Bank (AIIB), D. J. Pandian, during her visit to Washington to participate in the World Bank’s spring meeting.
Both sides discussed ways of increasing cooperation between Egypt and the AIIB, especially in the fields of sanitation, energy, and transportation. The AIIB is preparing a visit to Egypt soon to study the opportunities for investment.
Nasr stated that she looks forward to more cooperation with the AIIB, as infrastructure is one of the government’s priorities, according to its programme for development.
It is worth mentioning that the AIIB has allocated $10-15bn over the next 5-6 years for infrastructure projects in the countries where it has operations, including Egypt.
The projects are in fields of energy, transportation, urban and rural development, and logistical services.