The Asian Infrastructure Investment Bank’s (AIIB) board of directors has approved up to $510m in funding for two infrastructure projects in Egypt. “We see a lot of opportunity in Egypt’s renewable energy sector, and will support the government’s goals of exporting clean energy to its neighbours. According to the G20 initiative Global Infrastructure Hub, there is a $230bn infrastructure investment gap across all sectors in Egypt. Private sector investment is required to build critical infrastructure needed to support Egypt’s growth. Strengthening implementation capacity for PPP projects has been identified as a way to attract private sector investors into Egypt.

Source: Daily News Egypt December 09, 2018 21:45 UTC