EBRD: Egypt investments record €47.7 million since early 2017

The European Bank for Reconstruction and Development (EBRD) has so far invested in Egypt around €47.6 million ($51.5 million) since the beginning of the current year, an official in the bank said Tuesday.

The EBRD has invested around €2.34 billion in Egypt through 44 projects since the start of its activities in the country at the end of 2012, Janet Heckman, EBRD managing director for the southern and eastern Mediterranean (SEMED) region, further said.

Private sector accounts for around 66 percent of the EBRD’s portfolio in Egypt, Heckman added.