{"id":599066,"date":"2019-06-17T04:00:33","date_gmt":"2019-06-17T04:00:33","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/17\/banque-misr-to-provide-letters-of-guarantee-worth-usd-162-mn-for-orascom-construction-and-arab-contractors\/"},"modified":"2019-06-17T04:00:33","modified_gmt":"2019-06-17T04:00:33","slug":"banque-misr-to-provide-letters-of-guarantee-worth-usd-162-mn-for-orascom-construction-and-arab-contractors","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/17\/banque-misr-to-provide-letters-of-guarantee-worth-usd-162-mn-for-orascom-construction-and-arab-contractors\/","title":{"rendered":"Banque Misr to provide letters of guarantee worth USD 162 mn for Orascom Construction and Arab Contractors"},"content":{"rendered":"

Banque Misr is set to provide letters of guarantee worth USD 162 mn for Orascom Construction and Arab Contractors for the water treatment plant project in Bahr Al Baqar, banking officials told Al Shorouk<\/a>. The letters will be provided over two tranches with the first one worth 20% of the USD 739 mn<\/a> estimated cost of the project, and the other worth 5%. The facility<\/a> \u2014 set to be the biggest in Egypt \u2014 will treat around 5 mn cbm\/d of water, which then will be used to irrigate agricultural land in Sinai. The OC-Arab Contractors JV will also be responsible for operating and maintaining the facility for five years.<\/p>\n","protected":false},"excerpt":{"rendered":"

Banque Misr is set to provide letters of guarantee worth USD 162 mn for Orascom Construction and Arab Contractors for the water treatment plant project in Bahr Al Baqar, banking officials told Al Shorouk. The letters will be provided over two tranches with the first one worth 20% of the USD 739 mn estimated cost […]<\/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":[833,2372,576,72,363,364],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-599066","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-arab-contractors","tag-banking-finance","tag-banque-misr","tag-enterpriseam","tag-orascom-construction","tag-water","wpautop","entry"],"acf":{"mongo_id":"6712b0fe-5a00-47dd-be88-1baa9ce78f38","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[599032],"teaser":"","voice_url":""},"yoast_head":"\nBanque Misr to provide letters of guarantee worth USD 162 mn for Orascom Construction and Arab Contractors - 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\/2019\/06\/17\/banque-misr-to-provide-letters-of-guarantee-worth-usd-162-mn-for-orascom-construction-and-arab-contractors\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Banque Misr to provide letters of guarantee worth USD 162 mn for Orascom Construction and Arab Contractors\" \/>\n<meta property=\"og:description\" content=\"Banque Misr is set to provide letters of guarantee worth USD 162 mn for Orascom Construction and Arab Contractors for the water treatment plant project in Bahr Al Baqar, banking officials told Al Shorouk. The letters will be provided over two tranches with the first one worth 20% of the USD 739 mn estimated cost […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/17\/banque-misr-to-provide-letters-of-guarantee-worth-usd-162-mn-for-orascom-construction-and-arab-contractors\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-06-17T04:00:33+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=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/17\/banque-misr-to-provide-letters-of-guarantee-worth-usd-162-mn-for-orascom-construction-and-arab-contractors\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/17\/banque-misr-to-provide-letters-of-guarantee-worth-usd-162-mn-for-orascom-construction-and-arab-contractors\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Banque Misr to provide letters of guarantee worth USD 162 mn for Orascom Construction and Arab Contractors\",\"datePublished\":\"2019-06-17T04:00:33+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/17\/banque-misr-to-provide-letters-of-guarantee-worth-usd-162-mn-for-orascom-construction-and-arab-contractors\/\"},\"wordCount\":120,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Arab Contractors\",\"BANKING + FINANCE\",\"Banque Misr\",\"EnterpriseAM\",\"Orascom Construction\",\"water\"],\"articleSection\":[\"Banking + Finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/17\/banque-misr-to-provide-letters-of-guarantee-worth-usd-162-mn-for-orascom-construction-and-arab-contractors\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/17\/banque-misr-to-provide-letters-of-guarantee-worth-usd-162-mn-for-orascom-construction-and-arab-contractors\/\",\"name\":\"Banque Misr to provide letters of guarantee worth USD 162 mn for Orascom Construction and Arab Contractors - 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The credit facilities will be issued in two tranches,\u2026","rel":"","context":"In "Infrastructure"","block_context":{"text":"Infrastructure","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/infrastructure\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":571376,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/10\/banque-misr-to-arrange-loan-worth-up-to-egp-1-6-mn-to-damietta-furniture-city\/","url_meta":{"origin":599066,"position":1},"title":"Banque Misr to arrange loan worth up to EGP 1.6 mn to Damietta Furniture City","author":"enterpriseam admin","date":"10 May 2020","format":false,"excerpt":"Banque Misr will arrange a EGP 1.4-1.6 bn syndicated loan to Damietta Furniture City to help increase production and exports, Masrawy reports, citing unnamed banking sources. 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The bank has invited other banks to join in on the loan, including the National Bank of Egypt, Banque du Caire,\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":635984,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/18\/nbe-banque-misr-to-provide-usd-580-mn-in-trade-finance-for-dabaa-npp-project\/","url_meta":{"origin":599066,"position":3},"title":"NBE, Banque Misr to provide USD 580 mn in trade finance for Dabaa NPP project","author":"enterpriseam admin","date":"18 December 2017","format":false,"excerpt":"National Bank of Egypt (NBE) and Banque Misr have approved issuing trade finance facilities worth a total of USD 580 mn to the Nuclear Power Plants Authority (NPPA) to fund the requirements for Dabaa project, Al Mal reports. NBE will provide letters of guarantee worth USD 230 mn to be\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":591808,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/17\/evergrow-to-receive-usd-150-mn-loan-to-restructure-debts\/","url_meta":{"origin":599066,"position":4},"title":"Evergrow to receive USD 150 mn loan to restructure debts","author":"enterpriseam admin","date":"17 December 2019","format":false,"excerpt":"Egyptian fertilizer manufacturer Evergrow has reached an agreement with four local banks for a USD 150 mn loan to restructure its debts, banking sources told Al Shorouk. The company borrowed USD 200 mn from the National Bank of Egypt (NBE), Banque Misr, and the Arab African International Bank (AAIB) 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":621247,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/04\/state-banks-are-considering-issuing-letters-of-guarantee-for-dabaa-nuclear-project\/","url_meta":{"origin":599066,"position":5},"title":"State banks are considering issuing letters of guarantee for Dabaa nuclear project","author":"enterpriseam admin","date":"4 November 2018","format":false,"excerpt":"The Nuclear Power Plant Authority (NPPA) is negotiating with local banks for letters of guarantee worth USD 300-400 mn to cover its loans for the Dabaa nuclear project, unidentified sources tell Al Shorouk. Banque Misr and the National Bank of Egypt had agreed last December to provide USD 580 mn\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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/599066","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=599066"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/599066\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/599032"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=599066"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=599066"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=599066"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=599066"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=599066"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}