Middle East Economic Survey

VOL. LIII

No 46

15-Nov-2010

EGYPT

Egypt Secures Power Project Loans Worth $820Mn From World Bank

Egypt has secured two loans worth a combined $820mn from the World Bank, the institutions largest financing deal for the Egyptian electricity sector. Agreements signed by World Bank Vice-President for the MENA region Shamsad Akhtar and Egyptian Minister of International Cooperation Fayiza Abulnaga will fund the $600mn construction of a 1.5gw combined cycle gas turbine...