The European Investment Bank (EIB) inaugurated a new regional hub in Egypt on Sunday to boost cooperation with private and public partners.
The new regional hub is located next to the European Union (EU) delegation in Cairo, according to a press release.
Guido Clary has been appointed Head of the EIB new regional hub, and will manage a team of financial and technical experts in Cairo.
He will work with colleagues in six offices across the region in addition to the EIB’s Luxembourg headquarters.
The inauguration was announced by Mostafa Madbouly, the Prime Minister of Egypt, Rania El-Mashat, Egypt’s Minister of International Cooperation, and Gelsomina Vigliotti, Vice President of EIB.
“The strengthened Cairo presence will deepen our partnership with the EIB and unlock new opportunities in the years to come.” El-Mashat said.
“The new regional hub will further deepen European Investment Bank cooperation with Egypt and countries from Lebanon to Morocco.” Vigliotti noted.
