Brussels: Europe and the Arabs
It was announced in Brussels that on Sunday, June 15, the European Commission and the Egyptian government will launch the Investment Guarantee Facility for Development (IGF) between the European Union and Egypt.
According to an official statement we received, this facility will attract investments for high-impact projects in areas such as clean energy, water and sanitation management, and sustainable agriculture. It will also support digital transformation and the development of small and medium-sized enterprises.
This facility aims to mobilize investments of up to €5 billion by 2027. This includes €1.8 billion announced as part of the comprehensive strategic partnership between the European Union and Egypt. To achieve this, the facility will benefit from EU resources from the European Fund for Sustainable Development Plus (EFSD+). It will also draw on resources from European and international financial institutions that implement EU guarantees in close coordination with Member States and the private sector.
This facility represents a significant achievement within the framework of the comprehensive strategic partnership between the European Union and Egypt and contributes to the EU's "Global Gateway" strategy.