SHARM EL SHEIKH, Egypt- Finance Minsiter Mohamed Maait and Egypt’s governor at the Asian Infrastructure Investment Bank (AIIB) said on Tuesday that infrastructure development contributes to enhancing economic growth and expanding continental co-operation, especially in sustainable transportation and renewable energy domains.
During a session held on the future of enhancing infrastructure and sustainable financing at the bank’s annual meetings in Sharm El Sheikh, the minister further said that Egypt’s strong infrastructure has helped it to become more attractive to investments with promising development opportunities and better capable of accommodating the expansion of investment activities.
He also said that enhancing infrastructure opens new windows for increasing investments, adding that the State has managed to provide a climate conducive for carrying out investments for the private sector.
The negative repercussions of the war in Europe require closer cooperation in order to reach innovative solutions, which contribute to shoring up environmentally friendly industries and maximizing the role of the private sector in the transition toward green economy, he went on to say.
