The European Bank for Reconstruction and Development (EBRD) has approved granting a USD 24 mn loan for healthcare provider Andalusia Group, an unnamed EBRD executive tells Amwal Al Ghad. Andalusia will channel the funds toward a new hospital, as well as expand an existing one in Cairo. The group had previously announced its plans to invest USD 50 mn in Egypt in the next three years. We had also noted earlier this month that the group is planning to establish a medical facility in New Alamein.

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