Egypt Director at the European Bank for Reconstruction and Development (EBRD) Philip ter Woort said on Tuesday that Bank investments in Egypt hit one billion euros operating in 27 projects.

In press statements during a visit to this Upper Egyptian governorate, he added that these investments cover the domains of industry, agriculture, services along with finance.

These funds cover also projects in the energy and sanitary drainage domains, he added.
For his part, Assiut Governor Yasser Desouqy welcomed the EBRD delegation.

He noted that the Bank's decision to choose Egypt as a country of operations reflects the confidence of the international institutions in the Egyptian economy.