{"id":642118,"date":"2017-08-07T03:43:34","date_gmt":"2017-08-07T03:43:34","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/07\/on-the-horizon-165\/"},"modified":"2017-08-07T03:43:34","modified_gmt":"2017-08-07T03:43:34","slug":"on-the-horizon-165","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/07\/on-the-horizon-165\/","title":{"rendered":"On the horizon"},"content":{"rendered":"

The government will sign for a USD 60 mn tranche of funding from the European Bank for <\/strong>Reconstruction and Development (EBRD) next week<\/strong> as part of a USD 500 mn pledge to finance private sector development projects, said Investment and International Cooperation Minister Sahar Nasr (pdf)<\/a>. The announcement came during the signing of a USD 1.9 mn agreement with the Electricity Ministry for the EBRD to provide consulting services to the ministry.<\/p>\n

The Electricity Ministry also signed for EGP 2 mn in funding to de-mine 11k feddans in <\/strong>Matrouh governorate<\/strong> at the site of the mythical Dabaa nuclear plant, as per instructions from President Abdel Fattah El Sisi.<\/p>\n

Speaking of Dabaa (or our version of the Yeti):<\/strong> The Egyptian Council of State (Maglis El Dawla) will apparently begin reviewing the Dabaa contracts next month, government sources tell Al Borsa<\/a>. The council will form a special committee to look into the documents. We\u2019ve been hearing that the Maglis has had these contracts since early last month.<\/p>\n","protected":false},"excerpt":{"rendered":"

The government will sign for a USD 60 mn tranche of funding from the European Bank for Reconstruction and Development (EBRD) next week as part of a USD 500 mn pledge to finance private sector development projects, said Investment and International Cooperation Minister Sahar Nasr (pdf). The announcement came during the signing of a USD […]<\/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":[9277],"tags":[72,3157],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-642118","post","type-post","status-publish","format-standard","hentry","category-on-the-horizon","tag-enterpriseam","tag-on-the-horizon","wpautop","entry"],"acf":{"mongo_id":"82782907-9817-499b-9656-a393dc7e3640","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[642111],"teaser":"","voice_url":""},"yoast_head":"\nOn the horizon - 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\/2017\/08\/07\/on-the-horizon-165\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"On the horizon\" \/>\n<meta property=\"og:description\" content=\"The government will sign for a USD 60 mn tranche of funding from the European Bank for Reconstruction and Development (EBRD) next week as part of a USD 500 mn pledge to finance private sector development projects, said Investment and International Cooperation Minister Sahar Nasr (pdf). 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Minister Rania Al Mashat had said in April that the EBRD has expanded its short-term liquidity funding package for its Southern\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":542810,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/18\/egypt-takes-out-usd-10-3-bn-of-development-loans-in-2021\/","url_meta":{"origin":642118,"position":1},"title":"Egypt takes out USD 10.3 bn of development loans in 2021","author":"enterpriseam admin","date":"18 January 2022","format":false,"excerpt":"Egypt borrowed USD 10.3 bn from bilateral and multilateral lenders in 2021, according to the International Cooperation Ministry\u2019s annual report (pdf) published yesterday. Most of the funding \u2014 USD 8.7 bn \u2014 went to the public sector, while the remaining USD 1.6 bn went to private-sector initiatives.The key public sector\u2026","rel":"","context":"In "DEBT WATCH"","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/1\/208.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":555759,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/25\/more-green-finance-from-the-ebrd\/","url_meta":{"origin":642118,"position":2},"title":"More green finance from the EBRD","author":"enterpriseam admin","date":"25 November 2021","format":false,"excerpt":"EBRD pumps more USDs into Egypt: Intro Sustainable Resources (IRS) is in line to receive USD 5.3 mn in green finance from the European Bank for Reconstruction and Development (EBRD), according to the bank\u2019s website. The money will go towards several projects including combined heat and power plants, renewable energy\u2026","rel":"","context":"In "Development finance"","block_context":{"text":"Development finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/development-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/11\/600.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":650735,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/30\/electricity-ministry-signs-usd-200-mn-contract-with-worleyparsons-for-consultancy-on-dabaa-nuclear-power-plant\/","url_meta":{"origin":642118,"position":3},"title":"Electricity Ministry signs USD 200 mn contract with Worleyparsons for consultancy on Dabaa nuclear power plant","author":"enterpriseam admin","date":"30 March 2017","format":false,"excerpt":"The Electricity Ministry inked a USD 200 mn contract with Australian engineering consultancy firm Worleyparsons to provide project management consulting on the Dabaa nuclear power plant project, Al Borsa reports.","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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":549300,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/12\/ebrd-to-help-egypt-wind-down-gas-fired-power-plants\/","url_meta":{"origin":642118,"position":4},"title":"EBRD to help Egypt wind down gas-fired power plants","author":"enterpriseam admin","date":"12 September 2022","format":false,"excerpt":"More details on EBRD clean energy funding: The European Bank for Reconstruction and Development (EBRD) will provide USD 300 mn in funding to Egypt to help it decommission 5 GW of gas-fired power plants from 2023, Heike Harmgart, the bank\u2019s managing director for the Southern and Eastern Mediterranean, told Reuters.\u2026","rel":"","context":"In "Climate"","block_context":{"text":"Climate","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/climate\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/9\/189.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":548419,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/08\/another-usd-10-mn-in-ebrd-funding-could-be-heading-nbk-egypts-way\/","url_meta":{"origin":642118,"position":5},"title":"Another USD 10 mn in EBRD funding could be heading NBK Egypt\u2019s way","author":"enterpriseam admin","date":"8 August 2022","format":false,"excerpt":"More love from EBRD to NBK? The National Bank of Kuwait Egypt (NBK Egypt) could get another USD 10 mn senior unsecured loan from the European Bank of Reconstruction and Development (EBRD) for on-lending to youth-led MSMEs, according to the lender\u2019s website.What\u2019s a senior loan? 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