The European Investment Bank (EIB) is studying the possibility of investing in Egypt’s seawater desalination plan, reports the Middle East News Agency (MENA).
The EIB is one of the largest lenders to the global water sector to date, with close to €79 billion for over 1 600 projects. A priority that the Egyptian government shares.
The agency’s source also added that the bank is participating in major national programs executed by the government including the Decent Life initiative.
Decent Life Initiative, launched by President Abdel Fattah El-Sisi in 2019, aims to provide a decent life for the most vulnerable groups nationwide.
