Cairo – Mubasher: The Multilateral Investment Guarantee Agency (MIGA), a member of the World Bank Group, is looking to boost investments in Egypt in the coming three years, including the country’s private sector, executive vice president and CEO Keiko Honda said.
The US-based agency would raise its investments in the most populous Arab nation by injecting $210 million in the Benban Solar Park project added to $150 million in the Apache Egypt project, Honda said in a statement issued by the Egyptian investment ministry.
As for the Egyptian Refining Company’s (ERC) project, the agency has issued guarantees worth $23.4 million to cover investments in stocks backed by German Investment Corporation (DEG) in ERC, she added.
This came on the sidelines of a meeting between the Egyptian investment minister Sahar Nasr and MIGA’s executive VP and CEO Keiko Honda.
