Arab Republic of Egypt
Country Overview
Egypt joined the IsDB in 1974 as one of its founders with a 7.19% of the total subscribed capital. Since then, the Bank's involvement in Egypt has focused on fostering sustainable inclusive economic growth and poverty reduction through financing projects in infrastructure and supporting youth employment and job creation.
With a population of about 98 million, Egypt is the most populated country in the Arab world. The majority of the Egyptian population is young with approximately 33% falling in the 0-14 age group and 62% is between 15 to 64 years old.
Current Projects
In Egypt, the Islamic Solidarity Fund for Development (ISFD) has played a key role in advancing the country's transition to renewable energy. ISFD contributions include supporting several large-scale solar power projects, such as Aswan PV Power, Daraw Solar Power, Kom Ombo Renewable Energy, Red Sea Power, Upper Egypt Solar Power, and Zafrana Solar Power. These projects not only provide clean and sustainable energy but also contribute to Egypt's economic development and job creation within the renewable energy sector.
Zafrana Solar Power S.A.E (SCATEC)
Upper Egypt Solar Power Limited (SCATEC)
Red Sea Power Limited (SCATEC)
Kom Ombo Renewable Energy Limited (SCATEC)
Daraw Solar Power SAE (SCATEC)