On 15 June, the European Union and the Government of Egypt launched the EU-Egypt Investment Guarantee for Development Mechanism. This platform is designed to attract investments into high-impact projects focused on clean energy, water and wastewater management, and sustainable agriculture. It will also support digital transformation and the development of small and medium-sized enterprises (SMEs). The aim is to mobilise up to €5 billion in investments by 2027.
This initiative includes €1.8 billion announced as part of the EU-Egypt Strategic and Comprehensive Partnership. To accomplish this goal, the platform will utilise resources from the European Fund for Sustainable Development Plus (EFSD+). Additionally, it will collaborate with European and International Financial Institutions (IFIs) that implement EU guarantees in close coordination with Member States and the private sector. This agreement represents a significant milestone in the EU-Egypt Strategic and Comprehensive Partnership and contributes to the EU’s Global Gateway strategy.
“Today, together with Egypt, we launched the Investment Guarantee for Development Mechanism, designed to fast-track significant investment projects & deliver large-scale financing solutions in Egypt. This is a new major milestone in our Strategic Partnership! #EUEgyptPartnership,” Stefano Sannino, the Secretary-General of the European External Action Service (EEAS) of the European Union, posted on x.
