STORY: AIIB keen to enhance investments in Egypt's infrastructure: finance minister
DATELINE: Sept. 11, 2023
LENGTH: 00:00:56
LOCATION: Cairo
CATEGORY: ECONOMY

SHOTLIST:
1. various of the headquarters of Egypt's Finance Ministry in Cairo   
2. various of Egypt's Finance Minister Mohamed Maait speaking
2. various of goods at port

STORYLINE:

Egyptian Finance Minister Mohamed Maait said Saturday that the Asian Infrastructure Investment Bank (AIIB) is keen to enhance investments in Egypt's infrastructure, especially in partnership with the private sector.

Maait made the marks during a seminar organized in Cairo by Egypt's Supreme Council for Media Regulation, according to a statement of the council.

The minister, who is also Egypt's governor at the AIIB, said that Egypt joined the AIIB as a founding member in 2016 and revealed that the bank's investment portfolio in Egypt amounted to 1.3 billion U.S. dollars.

Regarding the upcoming AIIB's annual meeting, which will be held on Sept. 25-26 in Egypt's Sharm El Sheikh, the Egyptian minister said that holding the annual meetings of the AIIB for the first time in Egypt indicates that the bank looks at Egypt with an optimistic view.

On its website, the AIIB introduces itself as a multilateral development bank with a mission focused on financing "infrastructure with sustainability."

It commenced its operations in Beijing in January 2016 and has expanded its membership to include 106 approved members globally.

Xinhua News Agency correspondents reporting from Cairo.
(XHTV)