Egypt tops EBRD’s annual investments for second consecutive year

Egypt was the top market for investment from the European Bank of Reconstruction and Development (EBRD) for the second consecutive year, receiving EUR 1.2 bn in 2019, according to a press release (pdf). The EBRD’s total investments in the southern and eastern Mediterranean (SEMED) region were EUR 1.8 bn. The funding to Egypt was directed towards 26 projects, most of which were in the private sector and the green economy to facilitate the country’s transition to renewable energy.