In an interview at the European Investment Bank (EIB) headquarters in Cairo, Ahram Online discussed Egypt's importance as an EIB market with a focus on the EU's $8 billion financing package committed to the country. Clary, a representative from the EIB, emphasized the bank's role in fostering economic growth and sustainable development in Egypt through partnerships with the EU. Egypt holds a crucial position for the EIB outside the EU, with a portfolio of approximately $8 billion, primarily allocated to sectors like energy, transportation, water, and electricity. The EIB is keen on expanding its investments in Egypt's electricity sector to support the country's renewable energy ambitions and enhance resilience to external shocks. The EIB is actively involved in empowering Egypt's private sector, particularly SMEs, by facilitating their transition to the formal economy and supporting growth-oriented enterprises. Clary highlighted the EIB's commitment to infrastructure development in electricity transmission and distribution, essential for private sector growth. Initiatives from the Egypt-EU Investment Conference further cemented the collaboration between the EIB and Egypt, focusing on sustainable industrial investments and new projects to support Egypt's development goals. Green hydrogen emerged as a key focus area, with the EIB partnering with Skatek on a commercial green hydrogen project in Egypt. The project aims to establish a 100-megawatt electrolyzer for renewable energy plants, contributing to Egypt's potential as a global green hydrogen production hub. Despite challenges, the EIB remains positive about Egypt's growth, with a strong focus on expanding the industrial sector's contribution to GDP and attracting foreign investments. The EIB's active involvement in Egypt's development initiatives underscores its dedication to fostering sustainable growth in the region.