The British International Investment Corporation (BII), the UK’s development finance arm, portfolio in Egypt has reached $600m, Sherine Shohdy, Head of Egypt and Coverage Director North Africa, BII said. The corporation is also committing $700m in funding to address climate challenges in Egypt and across Africa.
In an interview with Daily News Egypt, Shohdy emphasized the institution’s strong focus on Egypt. She highlighted the country’s promising investment climate and the corporation’s ongoing support for Egyptian businesses.
“The Egyptian market is one of our prominent focuses due to promising opportunities,” Shohdy said. “The institution has currently invested in about 50 companies, generating over 32,000 job opportunities.”
The BII is particularly interested in supporting Egypt’s new energy sector and companies with significant export potential. These investments aim to address the country’s economic challenges and enhance liquidity.