{"id":651906,"date":"2017-02-23T04:07:15","date_gmt":"2017-02-23T04:07:15","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/23\/industrial-and-commercial-bank-of-china-to-provide-egypt-with-usd-20-bn\/"},"modified":"2017-02-23T04:07:15","modified_gmt":"2017-02-23T04:07:15","slug":"industrial-and-commercial-bank-of-china-to-provide-egypt-with-usd-20-bn","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/23\/industrial-and-commercial-bank-of-china-to-provide-egypt-with-usd-20-bn\/","title":{"rendered":"Industrial and Commercial Bank of China to provide Egypt with USD 20 bn"},"content":{"rendered":"

<\/a> Today\u2019s forecast: sunny, with a drizzle of roz:<\/strong> The Industrial and Commercial Bank of China (ICBC) is set to provide Egypt with USD 20 bn in financing over the next 10 years, ICBC\u2019s Africa General Manager Ivy Tsai said at a meeting with Investment and International Cooperation Minister Sahar Nasr, Al Masry Al Youm<\/a> reported. The financing will be geared towards large scale projects such as the New Administrative Capital, the USD 8.6 bn Hamrawein \u201cclean coal\u201d power plant, a phosphate complex, and a Huawei-run smart city. The funding will be part of a wider USD 35 bn financing program for projects in Africa, of which Egypt will receive the lion\u2019s share. This is would be the biggest investment pledge announced from the Chinese since China Fortune Land Development Company announced<\/a> a USD 20 bn investment in the new capital, showing us once again that when it comes to the Chinese, it\u2019s go big or go home. Tsai also extended an official invitation to Nasr to visit Beijing in May, to attend a summit on that nation\u2019s One Belt, One Road initiative.<\/p>\n","protected":false},"excerpt":{"rendered":"

Today\u2019s forecast: sunny, with a drizzle of roz: The Industrial and Commercial Bank of China (ICBC) is set to provide Egypt with USD 20 bn in financing over the next 10 years, ICBC\u2019s Africa General Manager Ivy Tsai said at a meeting with Investment and International Cooperation Minister Sahar Nasr, Al Masry Al Youm reported. […]<\/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-651906","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"cf19624e-5131-432a-9ccb-ae48e3db4977","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[651900],"teaser":"","voice_url":""},"yoast_head":"\nIndustrial and Commercial Bank of China to provide Egypt with USD 20 bn - 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\/02\/23\/industrial-and-commercial-bank-of-china-to-provide-egypt-with-usd-20-bn\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Industrial and Commercial Bank of China to provide Egypt with USD 20 bn\" \/>\n<meta property=\"og:description\" content=\"Today\u2019s forecast: sunny, with a drizzle of roz: The Industrial and Commercial Bank of China (ICBC) is set to provide Egypt with USD 20 bn in financing over the next 10 years, ICBC\u2019s Africa General Manager Ivy Tsai said at a meeting with Investment and International Cooperation Minister Sahar Nasr, Al Masry Al Youm reported. 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USD 1 bn from Chinese Development Bank","author":"enterpriseam admin","date":"1 November 2023","format":false,"excerpt":"The loan will help finance projects agreed upon in the Belt and Road Forum","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\/2023\/10\/1520.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":577204,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/14\/eib-could-commit-usd-1-5-bn-in-new-financing-to-egypt\/","url_meta":{"origin":651906,"position":4},"title":"EIB could commit USD 1.5 bn in new financing to Egypt","author":"enterpriseam admin","date":"14 November 2022","format":false,"excerpt":"EIB could invest in water projects in Egypt: The European Investment Bank (EIB) plans to commit USD 1.5 bn in new financing to Egypt, primarily focusing on water treatment, the bank\u2019s VP, Gelsomina Vigliotti, told Bloomberg Asharq on the sidelines of the COP27 summit. 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