Middle East Economic Survey
VOL. LIII
No 30
26-Jul-2010
EGYPT
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...
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