Since 2012, cooperation between the two has led to investments totaling €13.8 billion across 194 projects, with over 84% of these funds directed towards the private sector, according to Al Mashat.
Al-Mashat emphasized that the agreement with the AfDB is a continuation of the government’s ongoing efforts with international partners to implement the national structural reform program.
Speaking to Business Today, Al Mashat highlighted the close strategic partnership between the two countries, particularly within the fields of development cooperation and investments.
Al-Mashat emphasized the government's significant focus on the mining and extraction sector. Despite the economic challenges faced in the last fiscal year, the sector is recovering, particularly with the settlement of foreign partners' dues.
These efforts have also mobilized over $2.5 billion in concessional financing from the EBRD and other development banks and international partners.
