Egypt, World Bank eye deeper cooperation on infrastructure, energy

Updated 11/12/2025 9:04:00 AM

Arab Finance: Prime Minister Mostafa Madbouly received a delegation from the World Bank Group to discuss strengthening cooperation in the infrastructure programs implemented by the international bank in Egypt, according to a statement.

Madbouly highlighted that the government has invested billions of dollars over the past decade in enhancing infrastructure, expanding the highway and railway network, developing ports and airports, and establishing new logistics and industrial zones.

The Prime Minister affirmed the importance of improving the infrastructure sector, noting that it contributes to boosting other sectors, including industry, energy, and investment in general.

Furthermore, Madbouly expressed his desire to increase cooperation with the World Bank in the field of renewable energy in a way that serves the state’s objectives to boost the contribution of renewable energy to the energy mix.

They also touched upon enhancing cooperation with the World Bank in the water sector and related fields, which include water management as well as treatment and desalination.

On her part, Rania Al-Mashat, Minister of Planning, Economic Development, and International Cooperation, indicated that the Country Partnership Framework 2023–2027 focuses on inclusive growth, private sector development, human capital, and resilience, aligning with Egypt’s national priorities.

Meanwhile, the World Bank's Country Director for Egypt, Yemen, and Djibouti Stephane Guimbert said the visit aimed to explore new opportunities for cooperation with the Egyptian government in infrastructure and energy.

Regional Director for North and Horn of Africa at the International Finance Corporation (IFC) Cheick-Oumar Sylla reviewed the latest developments in the ongoing cooperation between the government and the IFC to develop, manage, and operate several Egyptian airports.