The European Bank for Reconstruction and Development (EBRD) is exploring opportunities to expand investments in renewable energy, electricity grids, fertilisers, agriculture and food processing in Egypt, as Cairo seeks to broaden its financing portfolio with the lender.
Foreign Minister Badr Abdelatty met EBRD Vice President Mark Bowman on Wednesday to discuss expanding the bank’s operations and projects in Egypt, the Foreign Ministry said.
Abdelatty called for greater EBRD support for the Egyptian private sector, particularly in energy and renewables, infrastructure and financial services, as well as measures to help Egyptian products gain greater access to European markets.
Egypt is the EBRD’s largest country of operations in the southern and eastern Mediterranean region, according to the ministry.
Abdelatty also called for continued financing of energy projects under Egypt’s NWFE green investment platform, with the aim of mobilising more concessional finance for renewable energy projects and strengthening energy security.
He urged the bank to respond more quickly and flexibly to economic pressures arising from regional tensions, including disruptions affecting energy and food security, supply chains and international trade.
Bowman said the bank sees opportunities to expand its activities in renewable energy, electricity networks, fertilisers, agriculture and food processing, according to the ministry.
The talks also covered preparations for Egypt to host the EBRD’s annual meeting in Sharm El-Sheikh in May 2027.
No new financing commitments or investment values were announced following the meeting.
