Egypt has signed a €53.8 million concessional financing and grant agreement with the Agence Française de Développement (AFD) and the European Investment Bank (EIB) to support the country’s Green Sustainable Industries (GSI) Programme. This funding, signed on Sunday, November 23, 2025, is a significant part of a larger, dedicated financing package for the GSI Programme, which totals €271 million provided by AFD, the EIB, and the European Union (EU). The GSI Programme is a flagship initiative aimed at driving the green transition across Egypt’s industrial sector, enhancing competitiveness, and reducing pollution.
The agreement includes a substantial EU-funded technical assistance and grant component of €8.8 million, managed by the EIB, which will provide necessary expertise and capacity building to ensure efficient project implementation. The GSI Programme specifically targets industrial investments focused on reducing pollution, lowering emissions, and improving energy and resource efficiency within factory operations. This support is crucial for major energy- and resource-intensive sectors, including iron and steel, cement, chemicals, food industries, and waste management.Minister of Planning Rania Al-Mashat emphasized that the program reflects international confidence in Egypt’s ability to shift toward sustainable industrial production. A key strategic objective of the GSI is to enhance Egypt’s export capacity by helping industrial facilities comply with stringent international environmental standards, particularly the requirements of European markets, such as the upcoming Carbon Border Adjustment Mechanism (CBAM).
