{"id":661559,"date":"2025-03-02T00:00:00","date_gmt":"2025-03-02T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/03\/02\/finmin-is-in-line-for-a-usd-500-mn-syndicated-loan\/"},"modified":"2025-03-02T00:00:00","modified_gmt":"2025-03-02T00:00:00","slug":"finmin-is-in-line-for-a-usd-500-mn-syndicated-loan","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/03\/02\/finmin-is-in-line-for-a-usd-500-mn-syndicated-loan\/","title":{"rendered":"FinMin is in line for a USD 500 mn syndicated loan"},"content":{"rendered":"

\n

DEBT-<\/p>\n

USD 500<\/strong> mn loan for FinMin greenlit by the presidency: <\/strong>The Finance Ministry has secured a USD 500 mn loan from Deutsche Bank and Bank ABC, according to a presidential decree. The loan is backed by the Arab Investment and Export Credit Guarantee Corporation. The loan has been in the works since 2023<\/a> \u2014 back then it was reported that it would be used to renovate classrooms, upgrade hospitals under the Decent Life initiative, and go towards the universal health ins. system.<\/p>\n

(Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n

\n

HOSPITALITY-<\/p>\n

#1- Trav<\/strong>co to add 5k hotel rooms:<\/strong> Travco Properties<\/a>, the real estate arm of Egyptian travel giant Travco, plans to invest EGP 50 bn to build 5k hotel units on the North Coast over the next five years, Managing Director Omar Abdel Ghaffar told Asharq Business<\/a>. Travco has already sold 1k units to Egyptian expats and a smaller number to other Arab and foreign nationals.<\/p>\n

\n

\n

#2- Parag<\/strong>on, Boulevard partner on Marsa Alam tourism project:<\/strong> Egyptian real estate developer Paragon Developments inked an MoU with Boulevard for Tourism Development to set up a mixed-use tourism and hospitality project in Marsa Alam, according to a press release (pdf)<\/a>. The development will span 1 mn sqm, with the first phase covering 300k sqm in the Marsa Wazar-Quseir sector. The project will feature a 300-key Hilton-branded hotel resort and spa, along with a specialized diving center connected to a 100-key hotel for marine sports enthusiasts. Future phases will include serviced apartments, villas, and townhouses.<\/p>\n

** We sat down with Bedeir Rizk, CEO of Paragon Developments, <\/strong>last month<\/strong> for our My Morning Routine<\/a> column.<\/p>\n

\n

IPO-<\/p>\n

2Point<\/strong>Zero could list on the ADX this year: <\/strong>Abu Dhabi conglomerate International Holding Company\u2019s investment arm 2PointZero<\/a> is gearing up to go public on the ADX this year, CEO Mariam Almheiri said<\/a> yesterday without providing further details. <\/p>\n

About 2PointZero: <\/strong>Established last year<\/a>, 2PointZero is expected to have an AED 100 bn asset base with a portfolio stacked with regional heavyweights, including Beltone Holding and Lunate<\/a>. <\/p>\n

\n

CAPITAL MARKETS-<\/p>\n

Al Bar<\/strong>aka Capital is gearing up to launch three new funds in 2H 2025<\/strong>, starting with a fixed-income fund worth EGP 50 mn, Managing Director and CEO Sarah Hosni told Al Borsa<\/a>. The company will follow up with two additional funds, one focused on shariah-compliant equities tied to the EGX33 index, and another offering a balanced investment strategy, valued at EGP 50 mn each.<\/p>\n

\n

RETAIL-<\/p>\n

Frase<\/strong>rs partners with <\/strong>GMG<\/a><\/strong> to expand <\/strong>Sports Direct<\/a><\/strong> into Egypt and the Gulf: <\/strong>UK retailer Frasers Group<\/a> inked a ten-year partnership with GMG<\/a><\/strong> to open its sportswear Sports Direct stores across Egypt and the Gulf, according to a statement<\/a>. The agreement aims to see Sports Direct open 50 stores over the next five years, with the first five outlets set to launch within the first year. <\/p>\n

\n

E-COMMERCE-<\/p>\n

Paysk<\/strong>y launches e-commerce platform for Ugandan market: <\/strong>Local digital payment platform Paysky and the fintech arm of South African telecom giant MTN are collaborating to launch a new application, Market by MoMo, to enhance the online shopping experience for Ugandan merchants and consumers, according to a statement (pdf)<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

PLUS- Travco Properties plans to invest EGP 50 bn to build 5k hotel units<\/p>\n","protected":false},"author":1,"featured_media":661560,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[7209],"tags":[111,2154,7106,2203,72,955,1260,8299,4867],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-661559","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-bank-abc","tag-debt","tag-deutsche-bank","tag-enterpriseam","tag-hospitality","tag-mena-ipos","tag-paysky","tag-travco","wpautop","entry"],"acf":{"mongo_id":"1a28009c-f95d-4c21-af6e-f25796f94660","order":"13","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/3\/22.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egypt\u2019s 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secured a USD 500 mn syndicated loan from Deutsche Bank and Bahrain\u2019s Arab Banking Corporation (Bank ABC) to support education and healthcare spending, it said in a statement yesterday.ICYMI: We first heard about this loan in October from comments by\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\/2023\/11\/604.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":592751,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/05\/national-bank-of-egypt-nbk-ask-finmin-to-guarantee-usd-700-mn-anopc-loan\/","url_meta":{"origin":661559,"position":1},"title":"National Bank of Egypt, NBK ask FinMin to guarantee USD 700 mn ANOPC loan","author":"enterpriseam admin","date":"5 November 2019","format":false,"excerpt":"The National Bank of Egypt and the National Bank of Kuwait have requested letters of guarantee from the Finance Ministry for a USD 700 mn loan to contribute to the financing of the Assiut National Oil Processing Company\u2019s hydrofracking complex, according to Al Mal.","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":674905,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/11\/05\/koreas-hl-to-set-up-usd-12-mn-plant-in-qantara\/","url_meta":{"origin":661559,"position":2},"title":"Korea\u2019s H&L to set up USD 12 mn plant in Qantara","author":"enterpriseam admin","date":"5 November 2025","format":false,"excerpt":"PLUS- Travco Group plans to invest USD 1.5 bn in 2026 to open ten new hotels across Egypt, Morocco, and several African countries","rel":"","context":"In "Also on our Radar"","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/11\/311.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":596596,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/02\/egypt-to-finalize-usd-500-mn-world-bank-cash-subsidy-loan-by-end-july\/","url_meta":{"origin":661559,"position":3},"title":"Egypt to finalize USD 500 mn World Bank cash subsidy loan by end-July","author":"enterpriseam admin","date":"2 July 2019","format":false,"excerpt":"FinMin to finalize USD 500 mn World Bank cash subsidy support loan by the end of the month: The Finance Ministry is set to wrap up the procedures of obtaining a USD 500 mn loan offered by the World Bank last year to support the Takaful and Karama cash subsidy\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":608375,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/18\/this-evening-finmin-wants-to-borrow-usd-500-mn-from-deutsche-bank-abc-this-fiscal-year\/","url_meta":{"origin":661559,"position":4},"title":"THIS EVENING: FinMin wants to borrow USD 500 mn from Deutsche Bank + ABC this fiscal year","author":"enterpriseam admin","date":"18 October 2023","format":false,"excerpt":"Good afternoon, wonderful people, and happy almost-THURSDAY to us all. The tension that we started this morning with is still carrying over throughout the day, and continues to lead the conversation in the region and the world.THE BIG STORY TODAY FinMin in talks for USD 500 mn in financing from\u2026","rel":"","context":"In "WHAT WE\u2019RE TRACKING TONIGHT"","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/6\/moneymoneymoney-1600px.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":555450,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/15\/intl-banking-syndicate-to-provide-govt-with-usd-2-bn-islamic-esg-loan\/","url_meta":{"origin":661559,"position":5},"title":"Int\u2019l banking syndicate to provide gov\u2019t with USD 2 bn Islamic + ESG loan","author":"enterpriseam admin","date":"15 November 2021","format":false,"excerpt":"A syndicate of 10 regional and international banks are providing the USD 2 bn loan the Madbouly government is raising to finance green projects and plug budget shortfalls, Al Shorouk reports, citing unnamed sources. The facility will be divided into a USD 1 bn Islamic financing tranche and a USD\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\/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\/661559","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=661559"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/661559\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/661538"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/661560"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=661559"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=661559"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=661559"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=661559"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=661559"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}