INFRASTRUCTURE-

Gov’t earmarks EGP 6 bn for land link with Libya, Chad: The Madbouly government has allocated EGP 6 bn for the first phase of a road project linking Egypt to Libya and Chad, Asharq Business reports, citing a government official. Construction is set to begin in 3Q 2025 and take three years at an investment cost of EGP 24 bn.

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The details: The road — also known as the East Oweinat-Kufra road — will stretch 1.7k km across the three countries: 400 km in Egypt, 390 km in Libya, and 930 km in Chad. The project aims to open a new land corridor to boost trade within African nations

DEBT-

Mountain View secures EGP 6.2 bn loan: Real estate developer Mountain View inked a EGP 6.2 bn loan agreement with a syndicate of six banks led by Banque Misr, according to a statement(pdf). The 7-year loan will help the developer fund a key project in East Cairo, with a total value of EGP 14.4 bn. The financing was backed by QNB Alahli, Industrial Development Bank, United Bank, EG Bank, and Al Baraka Bank.

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