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The European Bank for Reconstruction and Development (EBRD) plans to invest at least €2.1 billion ($2.47bn) in the Middle East and North Africa this year, mostly in the renewables and technology sectors, an executive of the London-based bank said.
The lender already has investments in a number of countries in the region, including Egypt, Morocco, Tunisia, Lebanon, Jordan and the West Bank and Gaza.
“Last year, we’ve done €2.1bn in the Mena region and this would roughly be similar to what we will do this year but we are a demand-driven institution and we have appetite to grow,” Heike Harmgart, managing director for the southern and eastern Mediterranean region at EBRD told