Egypt seeks expanded AIIB investment portfolio as private investments rise 73% – FinMin

Egypt is seeking a broader and more diversified investment portfolio with the Asian Infrastructure Investment Bank (AIIB), aligned with the country’s national development priorities, Finance Minister Ahmed Kouchouk said on the sidelines of a climate conference in Brazil.

Speaking with Ajay Bhushan Pandey, Vice President of the AIIB, Kouchouk highlighted the importance of expanding cooperation in priority sectors, including sustainable transport and renewable energy.

He noted that private sector investments in Egypt have risen 73 per cent, pointing to strong growth potential in telecommunications, information technology, manufacturing, and water desalination, which could open avenues for further collaboration.

“We are committed to increasing private sector contributions to climate action and the transition to a green economy,” Kouchouk said in a statement on Saturday, adding that Egypt is working to enhance private sector participation in infrastructure through innovative financing mechanisms and tools.

He stressed the importance of using guarantees, local currency financing, blended instruments, and risk mitigation models to support infrastructure investment, and expressed Egypt’s expectation for a larger financing share for non-regional AIIB members.

The meeting underscores Egypt’s push to leverage multilateral financing to accelerate its green transition and infrastructure development, while attracting global investment to support its economic growth.

Attribution: Amwal Al Ghad English

Subediting: Y.Yasser