The European Bank for Reconstruction and Development plans to invest at least €2.1 billion ($2.5bn) in the Mena region this year, mostly in the renewable energy and technology sectors. “Last year, we did €2.1bn in the Mena region and this would roughly be similar to what we will do this year," said Heike Harmgart, managing director for the southern and eastern Mediterranean region at EBRD. “We will also look opportunistically at digitisation wherever we can.”Countries in the Mena region are investing greater sums in renewables to diversify their energy mix. “We played a huge role in the initial phase of solar and wind energy generation in the Mena region. It is owned by 69 countries from five continents, with the EU and the European Investment Bank among its shareholders.

Source: The North Africa Journal April 10, 2021 06:33 UTC