Cairo – Mubasher: Total investments of Frankfurt-based KfW, a government-owned development bank, in Egypt have reached EUR 1.130 billion, director of KfW office in Cairo, Bernd Siegfried, said.
These investments are pumped into several projects, including water and solid waste management projects at a cost of EUR 535 million, energy projects at a cost of EUR 452 billion, and several sustainable development projects at a cost of EUR 143 million, Siegfried revealed in a statement released by the Egyptian Ministry of Planning on Monday.
Siegfried further added that several investments are planned to be injected into the establishment of 1,000 new schools in Upper Egypt.
