The International Finance Corporation (IFC) plans to invest around $1.2 billion in Egypt during fiscal year 2026, up from $915 million the previous year. Cheick Oumar Sylla, IFC Director for North Africa and the Horn of Africa, announced this at a World Bank conference on multilateral development projects.
Speaking at the World Bank conference titled “Multilateral Development Projects: Procurement Readiness and Opportunities in Egypt,” Sylla stated that approximately $1 billion has already been committed during the current fiscal year. This brings IFC’s cumulative investment portfolio in Egypt to $6.5 billion over the past seven years.
Sylla added that the IFC aims to scale up its annual investments in Egypt to reach $1 billion on a sustained basis, underscoring the institution’s long-term commitment to supporting economic development and private sector growth. Current investments are distributed across key sectors aligned with sustainable growth: the financial sector accounts for 47%, followed by infrastructure, renewable energy, and transport at 32% combined.
Manufacturing, tourism, and real estate make up 12%, while startups and investment funds represent 6%, healthcare 3%, and agribusiness 1%. In addition to direct investments, IFC provides advisory services valued at $27 million to support strategic priorities.
The financial sector leads advisory activities at 38%, followed by public-private partnership services at 21%. Advisory on manufacturing, agribusiness, and services accounts for 17%, with environmental, social, and governance practices and market-creation each at 9%, green building at 4%, and gender equality programs at 2%.