CAIRO: Chairman of the Egyptian Exchange (EGX), Mohamed Omran will be a speaker at the European Bank for Reconstruction and Development (EBRD) annual meeting in Georgia May 14-15, according to a Monday EGX statement.
More than 2,000 countries will participate in the conference, including government representatives and CEOs, to discuss investment and funding as means of development. The conference will present leading experiences in infrastructure finance and optimal use of the energy.
“The annual meeting will include a discussion on the future of investment in Egypt, which is an opportunity to present the latest developments of the Egyptian economy and EGX,” Omran, who was invited by EBRD to speak at its meeting, said in the statement.
He added that EBRD participates in Egypt’s development process with a 700 million euros ($754 million) investment portfolio.
EBRD and HSBC Bank have pledged $100 million to the Improved Petroleum Recovery group. EBRD has also offered a $50-million loan to support energy development in Egypt in January 2014.
In Dec 2013, EBRD signed a 50-million-dollar agreement with the National Bank of Egypt (NBE) to support funding small and medium enterprises in Egypt, as part of an EBRD funding package to the NBE worth up to 100 million dollars.