Developing new opportunities in the southern Mediterranean

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Developing new opportunities in the southern Mediterranean

All our work to support the economic and social development of the Mediterranean partner countries [1] is brought together under FEMIP, which supports growth and job creation in two priority areas:

Private sector support:

  • Micro, small and medium-sized enterprises (MSMEs)
  • Industrial sector: e.g. cement and steel works, chemical and metallurgical plants, high-tech industries, the automotive sector and agro-industry

Creating an investment-friendly environment enabling the private sector to flourish by improving infrastructure in the following sectors:

  • Energy: power generation, transmission and distribution, renewable energies
  • Transport and telecoms: airports, air transport, roads and motorways, bridges, railways, telecoms
  • Environment: water and sanitation, solid waste disposal and treatment, pollution abatement, irrigation
  • Human and social capital: construction and refurbishment of hospitals and healthcare centres, education and research facilities, social housing

Our products

We have a range of financing options (including loans, private equity and guarantees) and advisory services. Find out more and how to apply.

A major player

FEMIP began in 2002, an important intensification of a more than 30-year financial partnership between the region and the EIB. Since 2002, over EUR 19 bn has been invested through FEMIP. For more details of our total, regional and sectoral activities see here.

A partnership role

FEMIP has become a key player in the partnership between the EU and the Mediterranean partner countries, part of a process encouraging economic renewal and openness. We cooperate with several national and multilateral actors and we actively support the goals of the Union for the Mediterranean.

[1] Algeria, Egypt, Gaza/West Bank, Israel, Jordan, Lebanon, Libya*, Morocco, Syria* and Tunisia.

* The EIB will start operating in Libya after it signs a Framework Agreement with the country – currently under preparation. Following EU sanctions in November 2011, the EIB has suspended all loan disbursements and technical advisory contracts for projects in Syria.

Impact across the world

Development is about expertise and influence—not just money. To help end poverty, fight climate change and bring ravaged cities back from disaster, the European Investment Bank supported 87 new projects outside the EU last year. Here are some of the results we expect.

Innovation in the Mediterranean region

Click to play the videoPlay the video

When you think of the EIB’s work in the Mediterranean region, innovation might not be the first word that springs to mind. But what is innovation?