Egyptian Foreign Minister Sameh Shoukry visits EIB to discuss COP 27 and investment in Egypt

June 22, 2022
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Egyptian Foreign Minister and COP 27 President Designate Sameh Shoukry met Werner Hoyer, President of the European Investment Bank, to discuss preparations and priorities for COP 27, cooperation with the world’s largest international public bank and EIB engagement in Egypt. Egypt has been the largest country of operation for the European Investment Bank outside Europe in recent years

“Today’s discussions with EIB President Werner Hoyer provided a valuable opportunity to strengthen more than four decades of partnership between the European Investment Bank and Egypt and build on our shared commitment to scale up climate action. Close cooperation between climate leaders, such as the EIB, ahead of COP 27 is crucial to tackle the climate emergency. The EIB’s unique technical experience and financial expertise, as a leading investor in renewable energy, transport and water has benefited millions of Egyptians.” said Sameh Shoukry Egyptian Foreign Minister and COP 27 President Designate.

“The European Investment Bank is committed to scaling up climate action and the COP 27 climate conference in Sharm el Sheikh later this year provides an opportunity to accelerate engagement to moves from pledges to action and increase focus on climate adaptation. It is an honour to welcome Minister Shoukry and his colleagues to the EIB” said Werner Hoyer, President of the European Investment Bank.

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Countries covered:

  • Egypt