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Egypt’s portfolio in Asian Infrastructure Investment Bank exceeds $1bn

Egypt’s portfolio in the Asian Infrastructure Investment Bank (AIIB) has surpassed $1 billion, according to the bank’s Vice President, Konstantin Limitovskiy.

The AIIB’s cooperation projects with Cairo exist in various sectors, including energy, rural development, water sanitation, and overcoming the effects of the COVID-19 pandemic.

Limitovskiy remarked that the bank is collaborating with multi-development banks to endorse transportation projects in Alexandria.