Brussels: Europe and the Arabs
Ambassador Dr. Badr Abdel-Aty, Ambassador of Egypt to the Kingdom of Belgium and the Duchy of Luxembourg, met with the Vice President of the European Investment Bank, Gelsomina Vigliotti, at the bank's headquarters in Luxembourg, where they discussed aspects of cooperation between Egypt and the European Investment Bank and the projects it is implementing in Egypt, which is the largest country of operations. The bank outside the European Union has a total annual investment of about one billion euros.
During the meeting, Abdel-Aty reviewed the major projects that Egypt is undertaking in various fields, foremost of which are the fields of clean energy, green transformation and infrastructure, highlighting the achievements Egypt has made in transforming into a center for circulation and transfer of energy in the region with all its traditional and non-traditional sources, highlighting the energy file. Clean, new and renewable, including the production of green hydrogen and green ammonia and their export to Europe, and the production of electricity from clean energy sources from wind; In addition to solar energy; As well as cooperation opportunities in the Suez Canal area.

For her part, the Vice President of the European Investment Bank praised the distinguished relations between the Egyptian state and the bank, and reviewed the projects that the bank is implementing in Egypt in line with Egyptian priorities. On top of which are the areas of sustainable development, green economy projects, transportation and infrastructure, support for the private sector, and strengthening support for small, medium, and micro projects, and she affirmed the bank’s keenness to enhance cooperation with Egypt in all areas of priority for the Egyptian government.

Dr. Abdel-Aty stressed the importance that the government attaches to attracting foreign investments to Egypt, reviewing the recent decisions taken by the Egyptian government to encourage the investment climate and attract more foreign direct investments, in implementation of what was discussed within the framework of the Supreme Investment Council, chaired by the President of the Republic, noting the importance of supporting The European Investment Bank for this endeavor, and urged European companies to strengthen their work and presence in Egypt and take advantage of the current investment opportunities available in a number of sectors, especially the energy, agriculture, industry and infrastructure sectors.