{"id":575806,"date":"2020-10-27T04:03:13","date_gmt":"2020-10-27T04:03:13","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/27\/egyptian-airports-co-seeks-egp-2-5-bn-loan-to-develop-hurghada-giza-airports\/"},"modified":"2020-10-27T04:03:13","modified_gmt":"2020-10-27T04:03:13","slug":"egyptian-airports-co-seeks-egp-2-5-bn-loan-to-develop-hurghada-giza-airports","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/27\/egyptian-airports-co-seeks-egp-2-5-bn-loan-to-develop-hurghada-giza-airports\/","title":{"rendered":"Egyptian Airports Co. seeks EGP 2.5 bn loan to develop Hurghada, Giza airports"},"content":{"rendered":"

The Civil Aviation Ministry\u2019s Egyptian Airports Company<\/a> is in talks with a number of local banks for an EGP 2.5 bn loan for the development of Saint Catherine International Airport in Sinai and Sphinx airport in Giza, Al Mal<\/a> reports, citing sources close to the talks. The company has received the terms and conditions booklets from several banks, and is expected to conclude negotiations within the coming month. The Finance Ministry would act as guarantor for the loan, which would likely carry a 10-year repayment term including a two-year grace period.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Civil Aviation Ministry\u2019s Egyptian Airports Company is in talks with a number of local banks for an EGP 2.5 bn loan for the development of Saint Catherine International Airport in Sinai and Sphinx airport in Giza, Al Mal reports, citing sources close to the talks. The company has received the terms and conditions booklets […]<\/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":[9298],"tags":[2372,3610,3585,72,505],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-575806","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking-finance","tag-civil-aviation-ministry","tag-egyptian-airports-company","tag-enterpriseam","tag-hurghada","wpautop","entry"],"acf":{"mongo_id":"790f26e3-c513-4799-a873-492d3e9265a3","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[575781],"teaser":"","voice_url":""},"yoast_head":"\nEgyptian Airports Co. seeks EGP 2.5 bn loan to develop Hurghada, Giza airports - 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\/2020\/10\/27\/egyptian-airports-co-seeks-egp-2-5-bn-loan-to-develop-hurghada-giza-airports\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egyptian Airports Co. seeks EGP 2.5 bn loan to develop Hurghada, Giza airports\" \/>\n<meta property=\"og:description\" content=\"The Civil Aviation Ministry\u2019s Egyptian Airports Company is in talks with a number of local banks for an EGP 2.5 bn loan for the development of Saint Catherine International Airport in Sinai and Sphinx airport in Giza, Al Mal reports, citing sources close to the talks. 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Of the proceeds, EGP 550 mn will help fund the company\u2019s Cairo Business Park in New Cairo. 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The company is looking to\u2026","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":593591,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/02\/saib-leading-group-of-egyptian-banks-to-arrange-egp-1-bn-loan-for-dorra-real-estate\/","url_meta":{"origin":575806,"position":3},"title":"SAIB leading group of Egyptian banks to arrange EGP 1 bn loan for Dorra Real Estate","author":"enterpriseam admin","date":"2 October 2019","format":false,"excerpt":"SAIB Bank is in talks with a number of unnamed local banks to arrange a EGP 1 bn syndicated loan for Dorra Real Estate Development Group to fund projects in the new administrative capital, banking sources told Al Shorouk.","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":599859,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/13\/nbe-looks-to-arrange-egp-2-4-bn-syndicated-loan-for-egpc\/","url_meta":{"origin":575806,"position":4},"title":"NBE looks to arrange EGP 2.4 bn syndicated loan for EGPC","author":"enterpriseam admin","date":"13 January 2019","format":false,"excerpt":"The National Bank of Egypt is in talks with local banks to arrange a EGP 2.4 bn syndicated loan for the Egyptian General Petroleum Company (EGPC), banking sources told Al Shorouk. 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