Banking + Finance

Egypt to receive second tranche of USD 3 bn Chinese business district loan

by enterpriseam adminEgypt Edition24 July 2019

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The Housing Ministry will sign today an agreement to receive the second tranche of a USD 3 bn loan arranged by eight Chinese banks for the new capital’s business district, Housing Minister Assem El Gazzar said. Egypt secured the loan during President Abdel Fattah El Sisi’s participation in the Belt and Road Forum in Beijing last spring.

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BANKING + FINANCE construction debt development Finance infrastructure new administrative capital

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