{"id":623062,"date":"2018-10-21T04:11:13","date_gmt":"2018-10-21T04:11:13","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/21\/is-egypt-about-to-take-on-a-usd-45-bn-loan-from-russia-for-dabaa\/"},"modified":"2018-10-21T04:11:13","modified_gmt":"2018-10-21T04:11:13","slug":"is-egypt-about-to-take-on-a-usd-45-bn-loan-from-russia-for-dabaa","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/21\/is-egypt-about-to-take-on-a-usd-45-bn-loan-from-russia-for-dabaa\/","title":{"rendered":"Is Egypt about to take on a USD 45 bn loan from Russia for Dabaa?"},"content":{"rendered":"

Egypt to take on USD 45 bn in financing from Russia for Dabaa? <\/strong>Russian President Vladimir Putin offered to lend Egypt USD 45 bn to finance the construction of the Dabaa nuclear power plant, which will be built by Russia\u2019s Rosatom, the Financial Times reports<\/a>. Putin made public the offer during his annual foreign policy speech on Thursday, but offered no further detail. Russian Finance Minister Anton Siluanov told reporters on Thursday that Moscow may lend Egypt the money through Russia\u2019s Sovereign Wealth Fund, according to Reuters Arabic<\/a>. Egypt would apparently draw down the funds at the rate of USD 3-4 bn each year to support construction. News of the loan comes after the two countries signed a strategic cooperation agreement<\/a> during President Abdel Fattah El Sisi\u2019s visit last week to Moscow.<\/p>\n","protected":false},"excerpt":{"rendered":"

Egypt to take on USD 45 bn in financing from Russia for Dabaa? Russian President Vladimir Putin offered to lend Egypt USD 45 bn to finance the construction of the Dabaa nuclear power plant, which will be built by Russia\u2019s Rosatom, the Financial Times reports. Putin made public the offer during his annual foreign policy […]<\/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":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-623062","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"37b4defc-5620-4076-b402-e47cc6a6f71c","order":"0","is_powered_by":true,"section_story_id":"5c24a600-6e72-47d4-b5ae-7ca4d235cf28","story_type":"1","photo_url":"","photo_position":"above","related_issue":[623052],"teaser":"","voice_url":""},"yoast_head":"\nIs Egypt about to take on a USD 45 bn loan from Russia for Dabaa? - 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\/2018\/10\/21\/is-egypt-about-to-take-on-a-usd-45-bn-loan-from-russia-for-dabaa\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Is Egypt about to take on a USD 45 bn loan from Russia for Dabaa?\" \/>\n<meta property=\"og:description\" content=\"Egypt to take on USD 45 bn in financing from Russia for Dabaa? Russian President Vladimir Putin offered to lend Egypt USD 45 bn to finance the construction of the Dabaa nuclear power plant, which will be built by Russia\u2019s Rosatom, the Financial Times reports. Putin made public the offer during his annual foreign policy […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/21\/is-egypt-about-to-take-on-a-usd-45-bn-loan-from-russia-for-dabaa\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-10-21T04:11:13+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\/2018\/10\/21\/is-egypt-about-to-take-on-a-usd-45-bn-loan-from-russia-for-dabaa\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/21\/is-egypt-about-to-take-on-a-usd-45-bn-loan-from-russia-for-dabaa\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Is Egypt about to take on a USD 45 bn loan from Russia for Dabaa?\",\"datePublished\":\"2018-10-21T04:11:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/21\/is-egypt-about-to-take-on-a-usd-45-bn-loan-from-russia-for-dabaa\/\"},\"wordCount\":147,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/21\/is-egypt-about-to-take-on-a-usd-45-bn-loan-from-russia-for-dabaa\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/21\/is-egypt-about-to-take-on-a-usd-45-bn-loan-from-russia-for-dabaa\/\",\"name\":\"Is Egypt about to take on a USD 45 bn loan from Russia for Dabaa? 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Russian President Vladimir Putin offered to lend Egypt USD 45 bn to finance the construction of the Dabaa nuclear power plant, which will be built by Russia\u2019s Rosatom, the Financial Times reports. 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Aslanov did\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":635788,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/13\/egypt-to-receive-first-tranche-of-russian-loan-for-dabaa-in-january-sources\/","url_meta":{"origin":623062,"position":2},"title":"Egypt to receive first tranche of Russian loan for Dabaa in January -sources","author":"enterpriseam admin","date":"13 December 2017","format":false,"excerpt":"Egypt will reportedly receive the first tranche of a loan from Russia for the construction the Dabaa nuclear power plant in January, sources at the Electricity Ministry tell Daily News Egypt. Russia is expected to cover 85% of the plant\u2019s construction costs, but the initial amount will be used to\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":542834,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/19\/rosatom-on-track-to-break-ground-on-dabaa-in-july\/","url_meta":{"origin":623062,"position":3},"title":"Rosatom on track to break ground on Dabaa in July","author":"enterpriseam admin","date":"19 January 2022","format":false,"excerpt":"Construction on the Dabaa nuclear power plant is on track to begin \u201cthis summer, tentatively in July,\u201d the director of Russia\u2019s state-owned Rosatom, General Alexey Likhachev, told TASS. The timeline matches what we were told by Egyptian Nuclear and Radiological Regulatory Authority (ENRRA) spokesperson Karim Al Adham last year, after\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/1\/229.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":603453,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/23\/egypts-nuclear-authority-compiles-list-of-local-companies-to-take-part-in-dabaa-project\/","url_meta":{"origin":623062,"position":4},"title":"Egypt\u2019s nuclear authority compiles list of local companies to take part in Dabaa project","author":"enterpriseam admin","date":"23 April 2019","format":false,"excerpt":"NPPA compiles list of local companies qualified to bid for work on Dabaa plant project: The Nuclear Power Plants Authority (NPPA) has compiled a draft list of 150 local companies that could participate in Rosatom\u2019s planned Dabaa nuclear plant, NPPA head Amgad El Wakeel tells Al Mal. 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