Minister of Finance: We aim to increase AIIB's investment portfolio in Egypt to $2.3 bn

 Mohamed Maait, the Minister of Finance, stated that the size of Asian Infrastructure Investment Bank portfolio in Egypt reached approximately $1.3 bn, adding that the state aims to increase the bank's investments in Egypt to reach $2.3 bn.

This was announced during the Minister of Finance's speech at the opening session of the annual meetings of Asian Infrastructure Investment Bank (AIIB), which are being held today and for the next two days in Sharm El-Sheikh.

The Minister of Finance pointed out that Egypt hosting the meetings of the Board of Governors of AIIB, for the first time in Africa, underscores Egypt's importance in the Arab region.

Maait explained that the vision of the Asian Infrastructure Investment Bank aligns with Egypt's Vision 2030, which is why Egypt has been one of the founding supporting members of the bank since its establishment in 2016.

He emphasized that Egypt seeks to increase the participation of the private sector in projects funded by the Asian Bank, and to focus more on financing green and technological projects.

Maait also mentioned that AIIB has funded approximately 232 projects in 35 member countries with a total value of around $44 bn.