EBRD: Investments in Egypt rose to €593 million in 2014

The European Bank for Reconstruction and Development (EBRD)’s investments in Egypt rose to €593 million in 2014 compared to €151 million in 2013.

The EBRD further said investments were primarily in the private sector, increasing its number of operations from 6 in 2013 to 15 in 2014.

In its latest statement released on Wednesday, the EBRD announced it increased investments in 2014 to meet rising demand from emerging economies grappling with protracted weakness and the impact of geopolitical tensions.

The EBRD continued to build up its presence in the southern and eastern Mediterranean region, where its portfolio has now topped €1.5 billion across Morocco, Tunisia, Jordan and Egypt.