AIIB To Fund Egypt’s Basic Infrastructure

Tuesday, 25th April 2017

The Asian Infrastructure Investment Bank (AIIB) is planning to fund a variety of basic infrastructure projects worth USD 10 to 15 bn annually over a period of five to six years in countries within the bank’s operations, including Egypt, Invest-Gate reports.

These operations would revolve around five key sectors; energy, transport, urban development, rural development and logistics services. As agreed with the Ministry of Investment and International Cooperation on April 24, the AIIB is preparing to send a delegated committee to identify a number of infrastructure projects in Egypt, that would include sanitation projects.

The AIIB now has members from almost every continent in the world, having expanded its membership by 13 new countries to make a total of 70 members.

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