{"id":553411,"date":"2021-12-02T03:58:16","date_gmt":"2021-12-02T03:58:16","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/02\/spain-offers-eur-400-mn-to-finance-joint-projects\/"},"modified":"2021-12-02T03:58:16","modified_gmt":"2021-12-02T03:58:16","slug":"spain-offers-eur-400-mn-to-finance-joint-projects","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/02\/spain-offers-eur-400-mn-to-finance-joint-projects\/","title":{"rendered":"Spain offers EUR 400 mn to finance joint projects"},"content":{"rendered":"<p><a id=\"tldr-story-06\" class=\"content-anchor\"><\/a> <strong>The Spanish government could provide EUR 400 mn in credit facilities<\/strong> for \u201cjoint projects\u201d in Egypt, under an agreement signed by Prime Minister Moustafa Madbouly and his Spanish counterpart, Pedro Sanchez, yesterday, according to a cabinet <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/285023703668057\">statement<\/a>. The framework, which came during Sanchez\u2019s visit to Egypt, will be earmarked for projects in transport, renewable energy, water and sewage treatment, and agriculture. The facilities will also help finance the import of supplies from Spain that would be used for public and private sector projects in the specified sectors.<\/p>\n<p><strong>What\u2019s in line for funding?<\/strong> Egypt recently <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3a59711e-961d-4304-9ac3-b76ecef25fbc\">signed<\/a> multiple agreements and MoUs with Spanish companies on <strong>railway and metro infrastructure<\/strong> development that could reap the benefits of the facilities. The Transport Ministry signed an MoU with <strong>CAF<\/strong> and Japan\u2019s <strong>Mitsubishi<\/strong> to upgrade and maintain the railcars for Cairo Metro Line 2. Train manufacturer <strong>Talgo<\/strong> is also set to provide us with trains while <strong>Revenga<\/strong> will supply Egyptian National Railways with an electronic ticket booking system.<\/p>\n<p><strong>Spain to work more closely with Egypt on clean energy:<\/strong> State-owned gas company EGAS and the Spanish T\u00e9cnicas Reunidas signed an agreement to deepen cooperation on clean energy projects, such as hydrogen, carbon capture and biofuel, the Egyptian Oil Ministry said in a <a href=\"https:\/\/www.facebook.com\/EgyptMOP\/posts\/205224885125824?__cft__[0]=AZUsiX_8YPjfykYEkmsB3E0Tdvm1VJIE4gYbrAAHovZxam-5Wn4JLqVhiaTRGYACLukJOv2LUvEnii7rXX3tcWLnF2ZyzVKWA1bwCsAJ8qWfy2oSpSiQtI0Bw14mQ4fDB3nUKQsxhV2Fht95cmUv6zOn&__tn__=%2CO%2CP-R\">statement<\/a>.<\/p>\n<p><strong>More from Sanchez\u2019s visit:<\/strong> President Abdel Fattah El Sisi and Sanchez trade and investment in talks at the Presidential Palace, according to an Ittihadiya <a href=\"https:\/\/www.facebook.com\/Egy.Pres.Spokesman\/posts\/455831495905584\">statement<\/a>. The two also announced the establishment of the <strong>Egypt-Spain Business Council<\/strong> that would help manage and oversee joint projects between the two countries, including those in the private sector.<\/p>\n<p><strong>Also taking place yesterday:<\/strong> Egypt and Spain also <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/285023703668057\">signed an agreement<\/a> to increase bilateral economic cooperation and trade, as well as <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/285023703668057\">two memoranda of understanding<\/a> to increase sports and cultural engagements between the countries.<\/p>\n<p><strong>Sanchez\u2019s visit landed itself a spot on last night\u2019s talk shows: <\/strong>Al Hayah Al Youm (<a href=\"https:\/\/www.youtube.com\/watch?v=1FlY8Jvmoyc\">watch, runtime: 1:47<\/a>) and Ala Mas\u2019ouleety (<a href=\"https:\/\/www.facebook.com\/AhmedMoussaEG\/videos\/3804302396460641\">watch, runtime: 7:31<\/a>) covered the visit and the PM\u2019s meeting with President El Sisi.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Spanish government could provide EUR 400 mn in credit facilities for \u201cjoint projects\u201d in Egypt, under an agreement signed by Prime Minister Moustafa Madbouly and his Spanish counterpart, Pedro Sanchez, yesterday, according to a cabinet statement. The framework, which came during Sanchez\u2019s visit to Egypt, will be earmarked for projects in transport, renewable energy, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7262],"tags":[96,168,72,125,281,537,416],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-553411","post","type-post","status-publish","format-standard","hentry","category-diplomacy","tag-abdel-fattah-el-sisi","tag-diplomacy","tag-enterpriseam","tag-investment-watch","tag-moustafa-madbouly","tag-spain","tag-suez-canal-economic-zone","wpautop","entry"],"acf":{"mongo_id":"2ac7ef31-82bb-4491-a3ce-1a8ec31f9141","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[553401],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Spain offers EUR 400 mn to finance joint projects - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/02\/spain-offers-eur-400-mn-to-finance-joint-projects\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Spain offers EUR 400 mn to finance joint projects\" \/>\n<meta property=\"og:description\" content=\"The Spanish government could provide EUR 400 mn in credit facilities for \u201cjoint projects\u201d in Egypt, under an agreement signed by Prime Minister Moustafa Madbouly and his Spanish counterpart, Pedro Sanchez, yesterday, according to a cabinet statement. The framework, which came during Sanchez\u2019s visit to Egypt, will be earmarked for projects in transport, renewable energy, [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/02\/spain-offers-eur-400-mn-to-finance-joint-projects\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-12-02T03:58:16+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/02\/spain-offers-eur-400-mn-to-finance-joint-projects\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/02\/spain-offers-eur-400-mn-to-finance-joint-projects\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Spain offers EUR 400 mn to finance joint projects\",\"datePublished\":\"2021-12-02T03:58:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/02\/spain-offers-eur-400-mn-to-finance-joint-projects\/\"},\"wordCount\":342,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Abdel Fattah El Sisi\",\"DIPLOMACY\",\"EnterpriseAM\",\"investment watch\",\"Moustafa Madbouly\",\"Spain\",\"Suez Canal Economic Zone\"],\"articleSection\":[\"Diplomacy\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/02\/spain-offers-eur-400-mn-to-finance-joint-projects\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/02\/spain-offers-eur-400-mn-to-finance-joint-projects\/\",\"name\":\"Spain offers EUR 400 mn to finance joint projects - 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