Soft financing from the EIB, grant from EU get greenlight from ministers: Thecabinet, during its latest weekly meeting, approved EUR 135 mn in soft financing from the European Investment Bank (EIB) and a EUR 30 mn grant from the EU, according to a cabinet statement. The funds will help finance the Sustainable Green Industry project.

Golden license granted: Limited liability company ICE LINX has been handed a goldenlicense to build and operate an 100% export-orientated food processing and packaging plant with investments of up to EGP 204 mn in New Borg El Arab. The factory is slated to be fully operational by the end of the year and its products will meet a 50% local component quota.

Green hydrogen consultant wanted, apply within: The Sovereign Fund of Egypt’s request to contract a specialized international legal consultant to oversee the drafting of green hydrogen contracts got the cabinet greenlight.

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