{"id":630713,"date":"2018-04-30T04:15:34","date_gmt":"2018-04-30T04:15:34","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/30\/nasr-in-talks-with-world-bank-on-usd-1-bn-loan-to-develop-sinai\/"},"modified":"2018-04-30T04:15:34","modified_gmt":"2018-04-30T04:15:34","slug":"nasr-in-talks-with-world-bank-on-usd-1-bn-loan-to-develop-sinai","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/30\/nasr-in-talks-with-world-bank-on-usd-1-bn-loan-to-develop-sinai\/","title":{"rendered":"Nasr in talks with World Bank on USD 1 bn loan to develop Sinai"},"content":{"rendered":"<p><strong>Nasr in talks with World Bank on USD 1 bn loan to develop Sinai:<\/strong> Investment and International Cooperation Minister Sahar Nasr is talks with the World Bank for a USD 1 bn loan to develop Sinai, the minister is reported to have said, <a href=\"http:\/\/www.almalnews.com\/Story\/374154\/15\/%D9%86%D8%B5%D8%B1-%D9%85%D9%81%D8%A7%D9%88%D8%B6%D8%A7%D8%AA-%D9%85%D8%B9-%D8%A7%D9%84%D8%A8%D9%86%D9%83-%D8%A7%D9%84%D8%AF%D9%88%D9%84%D9%8A-%D9%84%D9%84%D8%AD%D8%B5%D9%88%D9%84-%D8%B9%D9%84%D9%89-%D9%85%D9%84%D9%8A%D8%A7%D8%B1-%D8%AF%D9%88%D9%84%D8%A7%D8%B1-%D9%84%D8%A5%D8%B9%D9%85%D8%A7%D8%B1-%D8%B3%D9%8A%D9%86%D8%A7%D8%A1\">according to Al Mal.<\/a> She gave no further detail on the talks. Sinai development shot up to the top of the Ismail cabinet priorities, when the Prime Minister <a href=\"https:\/\/enterprise.press\/stories\/2018\/04\/16\/govt-pledges-egp-275-bn-for-sinai-development-over-four-years\/\">pledged earlier this month<\/a> EGP 275 bn for Sinai development over four years. Nasr had signed 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, while the Ismail Cabinet signed off on USD 258.5 mn in funding from KFAED for North Sinai.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nasr in talks with World Bank on USD 1 bn loan to develop Sinai: Investment and International Cooperation Minister Sahar Nasr is talks with the World Bank for a USD 1 bn loan to develop Sinai, the minister is reported to have said, according to Al Mal. She gave no further detail on the talks. [&hellip;]<\/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-630713","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"a57b25b1-3f59-496a-a6e5-8c13b5b481d4","order":"0","is_powered_by":true,"section_story_id":"2c2d6b12-1071-437b-b9a5-8afd8447c926","story_type":"1","photo_url":"","photo_position":"above","related_issue":[630697],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Nasr in talks with World Bank on USD 1 bn loan to develop Sinai - 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\/30\/nasr-in-talks-with-world-bank-on-usd-1-bn-loan-to-develop-sinai\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nasr in talks with World Bank on USD 1 bn loan to develop Sinai\" \/>\n<meta property=\"og:description\" content=\"Nasr in talks with World Bank on USD 1 bn loan to develop Sinai: Investment and International Cooperation Minister Sahar Nasr is talks with the World Bank for a USD 1 bn loan to develop Sinai, the minister is reported to have said, according to Al Mal. She gave no further detail on the talks. 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The funding will\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":646319,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/12\/usd-400-mn-from-saudi-for-sinai-development-wb-and-afdb-in-town-to-disburse-funds\/","url_meta":{"origin":630713,"position":2},"title":"USD 400 mn from Saudi for Sinai development, WB and AfDB in town to disburse funds","author":"enterpriseam admin","date":"12 June 2017","format":false,"excerpt":"The Saudi Fund for Development disbursed last week a USD 400 mn tranche of its USD 1.5 bn loan for the development of Sinai, Investment and International Cooperation Minister Sahar Nasr said, according to remarks carried by Al Mal. The loan is set to fund King Salman University, King Salman\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":630713,"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 &quot;Speed Round&quot;","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":630713,"position":4},"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. 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