Speaking at the Egypt–Bahrain Business Forum, Heiba highlighted Egypt’s many competitive advantages for investors, including a workforce of more than 32 million people, a highly diversified economy, a strategic geographic location, competitive tax rates, robust infrastructure, and trade agreements with nearly 70 countries, giving Egyptian goods and services access to around 3 billion consumers worldwide.
The International Finance Corporation's Managing Director Makhtar Diop praised Egypt’s success in mobilizing development finance in alignment with national priorities for inclusive and sustainable growth in a recent conference.
The African Development Bank (AfDB) Group has greenlit up to $184.1 million in financing for the Obelisk solar energy project in southern Egypt.
Negotiations are underway over structural reforms linked to the economic component of Egypt’s national program, supported by the EU's €4 billion MFA
The review comes as part of the ongoing loan agreement between Egypt and the Fund, aimed at supporting structural reforms and economic stabilization measures.
