Cairo: First Vice President of the European Bank for Reconstruction and Development (EBRD), Greg Guyett, is scheduled to visit Egypt from December 8 to 10. During this visit, he will engage in discussions with Egyptian authorities and representatives from the private sector. Guyett will be joined by Matteo Patrone, Vice President for Banking, Mark Davis, Managing Director for the Southern and Eastern Mediterranean (SEMED), and Reem El Saady, Deputy Head of Egypt, as announced by the EBRD on its official website.

According to State Information Service Egypt, Guyett's itinerary includes meetings with Prime Minister Mostafa Madbouli, Deputy Prime Minister and Minister for Transportation and Industry Kamel el Wazir, Minister for Planning, Economic Development and International Cooperation and EBRD Governor Rania el Mashat, and Minister for Petroleum and Mineral Resources Karim Badawi. In 2024, Egypt received approximately £1.5 billion of EBRD investment, the highest level in the SEMED region, with 80 percent allocated to the private sector and 50 percent directed towards green projects.

Guyett expressed anticipation for his visit to Egypt, emphasizing the country's significance as one of the EBRD's key partners in the Mediterranean region due to its strategic location and burgeoning private sector. He highlighted the EBRD's dedication to fostering sustainable growth in line with Egypt's strategic priorities. The Bank's investment strategies in Egypt aim to promote an inclusive economy, expedite the country's green transition, and boost competitiveness by supporting private-sector growth and enhancing governance.

Egypt, a founding member of the EBRD, has received investments exceeding £13.8 billion across 209 projects since the Bank commenced its operations there in 2012.