Egypt has gotten a total of $15.6 billion in development financing from over 30 international organizations and donors to help grow its private sector. This financing covers a period from January 2020 to May 2025. The announcement was made by the Ministry of Planning, Economic Development, and International Cooperation during a conference in Cairo on Sunday.
The event, called “Development Finance to Foster Private Sector-Led Growth & Jobs”, was held under the patronage of Prime Minister Mostafa Madbouly. It was a gathering of government officials, international organizations, and businesses. They came together to review progress made in financing the private sector and strengthening the role of businesses in growing the country’s future.
According to the Ministry, the financing provided to businesses has kept growing. Between January and May 2025 alone, companies received $1.14 billion in financing from international organizations. The European Bank for Reconstruction and Development (EBRD) contributed 22 percent of this funding. The European Investment Bank (EIB) provided 21 percent, while the International Finance Corporation (IFC) supported 19 percent.
The Minister of Planning, Rania Al-Mashat, explained during the conference that the private sector is key to creating employment and strengthening the country’s economic growth. She said more than 40 percent of the financing made available since 2020 went to banks and financial institutions. These banks then supported businesses across many sectors.
Al-Mashat also mentioned the government’s “NWFE”—Nexus of Water, Food, and Energy—platform. Through this platform, about $4 billion in financing has been raised for renewable energy projects. The funding will help generate 4 gigawatts of energy from solar and wind.
Some of these projects were also a key highlight at the conference. There was financial closure for the Obelisk solar project, led by Norway’s Scatec. The project will produce 1 gigawatt of solar power and 200 megawatts of battery storage. There was also a power purchase agreement for the Shadwan wind farm in Ras Shukeir. The Shadwan project, also developed by Scatec, will bring in nearly $1 billion in direct investment.
A financing agreement was also made between the IFC and UAE’s AMEA Power to support a utility-scale battery storage connected to the Abydos solar project. The EBRD’s Managing Director for the Southern and Eastern Mediterranean, Mark Davis, described the Obelisk project as a landmark transaction that will help boost energy security and expansion of renewable power in the country.
Meanwhile, the Ministry of Planning also teamed up with the Federation of Egyptian Banks to expand its digital platform called Hafiz. The platform provides financial and technical services to businesses. Currently, it offers more than 90 services and has nearly 18,000 users.
In addition, the government secured a €21 million investment grant from the European Investment Bank to help fund a green industry program. The program aims to cut emissions in manufacturing and move the sector toward a more sustainable future.
Officials at the conference explained that the country will present its blended financing model at the Fourth International Conference on Financing for Development (FFD4) later this year in Seville, Spain. The aim is to showcase how international financing, private companies, and policy makers can come together to fund a strong, green, and sustainable future.
This financing signals a strong vote of confidence in Egypt’s ability to grow its private sector and move forward with its green energy plans. The country is making sure businesses have the funding, technical expertise, and policy support to create jobs and drive growth across sectors.
