Middle East Economic Survey


No 40



EIB Lends 120Mn To Egyptian Electricity And Water Projects

The European Investment Bank (EIB) announced last week that it is providing 120mn in loans to Egyptian projects, of which 50mn will support a new wind farm in Gabal el-Zait, and 70mn will improve access to safe drinking water and sanitation in the Nile Delta. Both represent a new approach in cooperation, said the EIB, noting that it is joining forces with Germanys Kreditanstalt fur...