{"id":559288,"date":"2021-01-17T03:52:01","date_gmt":"2021-01-17T03:52:01","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/17\/ebrd-still-%e2%9d%a4-egypt\/"},"modified":"2021-01-17T03:52:01","modified_gmt":"2021-01-17T03:52:01","slug":"ebrd-still-%e2%9d%a4-egypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/17\/ebrd-still-%e2%9d%a4-egypt\/","title":{"rendered":"EBRD still \u2764 Egypt"},"content":{"rendered":"

<\/a> Egypt was the top destination for EBRD investment in SEMED for third consecutive year:<\/strong> Egypt accounted for more than EUR 1 bn of the EUR 2.2 bn of financing the European Bank for Reconstruction and Development (EBRD) provided to the southern and eastern Mediterranean (SEMED) last year, the bank said in a statement (pdf)<\/a>. This is the third year running that Egypt was the top market for investment from the EBRD in the SEMED region. The investments include a combined EUR 784 mn in liquidity lines to banks for on-lending to SMEs, a USD 12 mn loan<\/a> to Al Dau Al Haram to develop the Hyatt Regency hotel, and a USD 4.2 mn loan to Taqa Arabia\u2019s renewable energy subsidiary, Taqa PV, for its green private-to-private project.<\/p>\n

IN OTHER INVESTMENT NEWS-<\/strong> Nine Chinese companies are planning to invest USD 90 mn in Egypt in 2021<\/strong>, Han Bing, economic and trade adviser at the Chinese Embassy in Cairo said, without specifying the companies, reports the local press<\/a>. Negotiations are currently ongoing between Egyptian and Chinese companies for cooperation in medical supplies, steel, textiles, transportation, new energy, recycling, and water waste treatment.<\/p>\n","protected":false},"excerpt":{"rendered":"

Egypt was the top destination for EBRD investment in SEMED for third consecutive year: Egypt accounted for more than EUR 1 bn of the EUR 2.2 bn of financing the European Bank for Reconstruction and Development (EBRD) provided to the southern and eastern Mediterranean (SEMED) last year, the bank said in a statement (pdf). This […]<\/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":[7272],"tags":[116,571,72,125,287],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-559288","post","type-post","status-publish","format-standard","hentry","category-investment-watch","tag-china","tag-ebrd","tag-enterpriseam","tag-investment-watch","tag-smes","wpautop","entry"],"acf":{"mongo_id":"95e11ac7-eaf8-4158-98dc-25e075791a1f","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[559275],"teaser":"","voice_url":""},"yoast_head":"\nEBRD still \u2764 Egypt - 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\/01\/17\/ebrd-still-\u2764-egypt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EBRD still \u2764 Egypt\" \/>\n<meta property=\"og:description\" content=\"Egypt was the top destination for EBRD investment in SEMED for third consecutive year: Egypt accounted for more than EUR 1 bn of the EUR 2.2 bn of financing the European Bank for Reconstruction and Development (EBRD) provided to the southern and eastern Mediterranean (SEMED) last year, the bank said in a statement (pdf). 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