Middle East Economic Survey


No 30



Germany Lends Egypt 87.5Mn For Wind Farm Project

Germany has agreed to lend Egypt 87.5mn to finance a wind farm project in Gabal el-Zeit, under an agreement signed on 15 July in Cairo. The loan, repayable in 12 years including three years of grace, is part of a financing package for the project totaling 271.2mn from the European Commission, the European Investment Bank, and Germanys Kreditanstalt fur Wiederaufbau (KfW). According to...