African Development Bank: $3.3 bln offered for Egypt national projects since 2015

MENA , Sunday 14 Jul 2019

he African Development Bank (AfDB) said on Saturday it has funded more than 50 projects in Egypt since 2015 at total costs of $3.3 billion.

The projects covered fields including power, energy, irrigation, agriculture and SMEs, said the AfDB in a statement released after a workshop organized by the bank in Cairo.

Director of AfDB's Country Office Malin Bloomberg, who chaired the event, reviewed the projects undertaken by several ministries and state bodies, including the ministries of investment and international cooperation, finance, electricity, agriculture.

She said that Egypt is endowed with all human and natural resources that enable it to occupy a unique position at the commercial and industrial levels.

AfDB's Country Program Officer Samuel Kamara lauded the Egyptian government's strong performance and commitment, which have been maintained in the execution of the joint under-construction projects. 

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