{"id":630237,"date":"2018-04-16T04:20:33","date_gmt":"2018-04-16T04:20:33","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/16\/govt-pledges-egp-275-bn-for-sinai-development-over-four-years\/"},"modified":"2018-04-16T04:20:33","modified_gmt":"2018-04-16T04:20:33","slug":"govt-pledges-egp-275-bn-for-sinai-development-over-four-years","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/16\/govt-pledges-egp-275-bn-for-sinai-development-over-four-years\/","title":{"rendered":"Gov\u2019t pledges EGP 275 bn for Sinai development over four years"},"content":{"rendered":"

Gov\u2019t pledges EGP 275 bn for Sinai development over four years:<\/strong> Yesterday also saw Prime Minister Sherif Ismail deliver a speech<\/a> to the House on the government\u2019s spending plans to develop Sinai, which he says will cost EGP 275 bn over the coming four years. These would be financed by both the state and through loans from international and regional finance institutions. Investment Minister Sahar Nasr had signed a USD 100 mn loan<\/a> from the Kuwait Fund for Arab Economic Development (KFAED) to complete the financing of five water desalination plants in South Sinai, while the Ismail Cabinet signed off<\/a> on USD 258.5 mn in funding from KFAED for North Sinai last week. The Arab Fund for Economic and Social Development had pledged<\/a> three grants of USD 2.8 in total to support development projects in Sinai.<\/p>\n

This comes as Ismail issued a directive to establish a freezone in Nuweiba, <\/strong>Al Masry Al Youm reports<\/a>. The General Authority for Freezones and Investors (GAFI) will finance the infrastructure development and construction of the 1 mn sqm zone. The freezone is part of the government\u2019s Sinai development strategy<\/a>, which relies significantly on attracting local and Arab investors to the peninsula to spur growth, Investment Minister Sahar Nasr told reporters last month<\/a> after the Cabinet approved the project.<\/p>\n","protected":false},"excerpt":{"rendered":"

Gov\u2019t pledges EGP 275 bn for Sinai development over four years: Yesterday also saw Prime Minister Sherif Ismail deliver a speech to the House on the government\u2019s spending plans to develop Sinai, which he says will cost EGP 275 bn over the coming four years. These would be financed by both the state and through […]<\/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-630237","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"3073736c-7082-429a-a16e-e9b2f08b9334","order":"0","is_powered_by":true,"section_story_id":"3530e14c-4212-4e8a-9fb1-908e4af39514","story_type":"1","photo_url":"","photo_position":"above","related_issue":[630223],"teaser":"","voice_url":""},"yoast_head":"\nGov\u2019t pledges EGP 275 bn for Sinai development over four years - 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\/04\/16\/govt-pledges-egp-275-bn-for-sinai-development-over-four-years\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gov\u2019t pledges EGP 275 bn for Sinai development over four years\" \/>\n<meta property=\"og:description\" content=\"Gov\u2019t pledges EGP 275 bn for Sinai development over four years: Yesterday also saw Prime Minister Sherif Ismail deliver a speech to the House on the government\u2019s spending plans to develop Sinai, which he says will cost EGP 275 bn over the coming four years. These would be financed by both the state and through […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/16\/govt-pledges-egp-275-bn-for-sinai-development-over-four-years\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-04-16T04:20:33+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\/2018\/04\/16\/govt-pledges-egp-275-bn-for-sinai-development-over-four-years\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/16\/govt-pledges-egp-275-bn-for-sinai-development-over-four-years\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Gov\u2019t pledges EGP 275 bn for Sinai development over four years\",\"datePublished\":\"2018-04-16T04:20:33+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/16\/govt-pledges-egp-275-bn-for-sinai-development-over-four-years\/\"},\"wordCount\":222,\"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\/04\/16\/govt-pledges-egp-275-bn-for-sinai-development-over-four-years\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/16\/govt-pledges-egp-275-bn-for-sinai-development-over-four-years\/\",\"name\":\"Gov\u2019t pledges EGP 275 bn for Sinai development over four years - 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She gave no\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":628949,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/17\/govt-to-borrow-up-to-usd-5-bn-from-world-bank-regional-funds-for-sinai-development\/","url_meta":{"origin":630237,"position":1},"title":"Gov\u2019t to borrow up to USD 5 bn from World Bank, regional funds for Sinai development","author":"enterpriseam admin","date":"17 May 2018","format":false,"excerpt":"The Ismail government is in talks to borrow as much as USD 5 bn from the World Bank and other lenders to support development in Sinai, sources tell Al Mal. The Housing and Investment Ministries are leading the efforts to identify priority projects in Sinai, the sources add. Investment Minister\u2026","rel":"","context":"In "Diplomacy + Foreign Trade"","block_context":{"text":"Diplomacy + Foreign Trade","link":"https:\/\/enterpriseam.com\/egypt\/category\/diplomacy-foreign-trade\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":631279,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/14\/egypt-kfaed-sign-five-loan-grant-agreements-worth-egp-5-bn\/","url_meta":{"origin":630237,"position":2},"title":"Egypt, KFAED sign five loan, grant agreements worth EGP 5 bn","author":"enterpriseam admin","date":"14 March 2018","format":false,"excerpt":"Kuwait earmarks EGP 5 bn to Sinai development projects: Investment and International Cooperation Minister Sahar Nasr signed yesterday five agreements worth a combined EGP 5 bn (KWD 86.1 mn) with the Kuwait Fund for Arab Economic Development (KFAED) to support development projects in Sinai, according to a ministry statement. The\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":630025,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/10\/nasr-signs-usd-100-mn-loan-agreement-with-kfaed\/","url_meta":{"origin":630237,"position":3},"title":"Nasr signs USD 100 mn loan agreement with KFAED","author":"enterpriseam admin","date":"10 April 2018","format":false,"excerpt":"Nasr signs USD 100 mn loan agreement with KFAED: Investment and International Cooperation Minister Sahar Nasr signed yesterday the contracts for a USD 100 mn loan from the Kuwait Fund for Arab Economic Development (KFAED) to complete the financing of five water desalination plants in South Sinai, according to an\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":594181,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/22\/egypt-signs-usd-1-9-bn-worth-of-financing-agreements-with-kuwait\/","url_meta":{"origin":630237,"position":4},"title":"Egypt signs USD 1.9 bn-worth of financing agreements with Kuwait","author":"enterpriseam admin","date":"22 October 2019","format":false,"excerpt":"Egypt signs USD 1.9 bn-worth of financing agreements with Kuwait: Egypt signed yesterday two financing agreements with the Kuwait Fund for Arab Economic Development (KFAED), including one that will see KFAED dole out USD 1 bn over three years to finance the second phase of development plans in the Sinai\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":623235,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/23\/egyptian-cabinet-signs-off-on-foreign-funding-for-sinai-infrastructure-projects\/","url_meta":{"origin":630237,"position":5},"title":"Egyptian cabinet signs off on foreign funding for Sinai infrastructure projects","author":"enterpriseam admin","date":"23 October 2018","format":false,"excerpt":"Cabinet signs off on Kuwaiti funding for infrastructure projects on mainland and in Sinai: The cabinet economic group signed off on Monday on an additional KWD 25 mn (c.USD 82 mn) loan from the Kuwait Fund for Arab Economic Development (KFAED) to continue the construction of a sewage treatment facility\u2026","rel":"","context":"In "Diplomacy + Foreign Trade"","block_context":{"text":"Diplomacy + Foreign Trade","link":"https:\/\/enterpriseam.com\/egypt\/category\/diplomacy-foreign-trade\/"},"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\/630237","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=630237"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/630237\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/630223"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=630237"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=630237"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=630237"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=630237"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=630237"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}