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ُEU Helps Boosting Egypt's Green Transition

By Ahmad El-Assasy On 15 June, the European Union and the Government of Egypt will launch the EU-Egypt Investment Guarantee for Development Mechanism. This platform will attract investments to high impact projects in areas such as clean energy, water and wastewater management and sustainable agriculture. It will also support digital transformation, and the development of small and medium-sized enterprises (SMEs). The platform aims to mobilise up to €5 billion in investments by 2027. This includes €1.8 billion announced as part of the EU-Egypt Strategic and Comprehensive Partnership. To achieve this, the platform will leverage EU resources from the European Fund for Sustainable Development Plus (EFSD+). It will also draw resources from European and International Financial Institutions (IFIs) that implement EU guarantees in close coordination with Member States and the private sector. It marks a key milestone under the EU-Egypt Strategic and Comprehensive Partnership and contributes to the EU's Global Gateway strategy. read more Gold prices rise, 21 Karat at EGP 3685 NATO's Role in Israeli-Palestinian Conflict US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria Shoukry Meets Director-General of FAO Lavrov: confrontation bet. nuclear powers must be avoided News Iran Summons French Ambassador over Foreign Minister Remarks News Aboul Gheit Condemns Israeli Escalation in West Bank News Greek PM: Athens Plays Key Role in Improving Energy Security in Region News One Person Injured in Explosion at Ukrainian Embassy in Madrid News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War Arts & Culture Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies News Flights suspended at Port Sudan Airport after Drone Attacks News Shell Unveils Cost-Cutting, LNG Growth Plan Videos & Features Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream Technology 50-Year Soviet Spacecraft 'Kosmos 482' Crashes into Indian Ocean News 3 Killed in Shooting Attack in Thailand