The Egyptian Ministry of Finance has signed a EUR 10 million (US$ 10.3 million) agreement with the European Bank for Reconstruction and Development (EBRD) to establish the “Egypt Account”, a dedicated fund to finance feasibility studies and consultancy services for public-private partnership (PPP) projects.

This initiative seeks to enhance private sector involvement in infrastructure development and accelerate investment in key projects. The fund enables concurrent feasibility studies and project tenders, streamlining the PPP process and expanding investment opportunities. Additionally, it will significantly reduce the time required to secure feasibility study funding from development partners, cutting the approval period from one year to just two months.