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Egypt becomes the first choice for European Bank for Reconstruction and Development to invest in the Eastern Mediterranean region.

Egypt becomes the first choice for European Bank for Reconstruction and Development to invest in the Eastern Mediterranean region.

January 18, the website of Egypt’s Pyramid reported that Egypt’s Minister of International Cooperation Rania Maschat announced that Egypt will become the preferred country for the European Bank for Reconstruction and Development to invest in the Eastern Mediterranean region in 2020.

The European Bank for Reconstruction and Development has invested a total of 2.13 billion euros in 48 projects in the region, while Egypt alone has attracted more than 1 billion euros in investment.

Mashat said in a statement that there is a special relationship between the Arab Republic of Egypt and the European Bank for Reconstruction and Development, especially in the development of small and medium-sized enterprises and job creation in Egypt.

According to statistics, since 2012, the European Bank for Reconstruction and Development has invested more than 7 billion euros in 125 projects in Egypt, including agriculture, finance, manufacturing, services and infrastructure.

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