The European Investment Bank (EIB) formally opened its new regional hub in Cairo, Egypt, to strengthen engagement and cooperation with private and public partners across the Middle East and North Africa.

The EIB Global regional hub was announced by Mostafa Madbouly Prime Minister of the Arab Republic of Egypt, Rania Al Mashat Egyptian Minister of International Cooperation and Gelsomina Vigliotti, European Investment Bank Vice President and formally inaugurated at a ceremony attended by 150 Egyptian, regional and international political, business and banking leaders.

“The European Investment Bank is Egypt’s leading international financial partners, and has provided financial and technical support for climate action, business, energy, water and transport investment that has improved opportunities and services across Egypt over more than 40 years.  Egypt welcomes the EIB’s decision to locate the regional hub here in Cairo and I welcome Guido Clary as new Head of the Regional Hub. The strengthened Cairo presence will deepen our partnership with the EIB and unlock new opportunities in the years to come.” said H.E. Rania Al Mashat, Minister of International Cooperation of the Arab Republic of Egypt.

“Strengthening the local presence of EIB Global is crucial to better address investment challenges and increase the impact of engagement with public and private investment partners. The new Regional Hub will further deepen European Investment Bank cooperation with Egypt and countries from Lebanon to Morocco.” said Gelsomina Vigliotti, Vice President of the European Investment Bank.