IFC nears USD 100 mn loan for hotel with a GEM view
The loan is part of a wider USD 265 mn package
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The loan is part of a wider USD 265 mn package
The loan plugs into a broader EGP 4 bn capex plan spanning Egypt, Morocco, and Iraq
The 126k sqm facility will begin operations in 1Q 2027
The Nefer Benban facility is part of a solar and battery storage complex agreed upon last year
Meanwhile, Egypt-Jordan power link eyes 5x capacity boost as regional energy play accelerates
Exchange rate volatility alone added approximately USD 2 bn to Egypt’s external debt in 2025
“The yield for the new tranche is still being studied in light of current market conditions and interest rate levels,”…
The strategy also targets taming external debt to make up only 20% of total public debt
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