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FINANCIAL NEWS
Emirates NBD signs USD 225mn loan for Egyptian power projects
12 Apr 2016
(MENAFN) Emirates NBD signed USD 225.25mn loan with Egyptian Electricity Holding Company in order to finance two main power projects.
Furthermore, the first project situated in Burullus, near the town of Kafr el Sheikh, whereas the second plant is ready to be in the Egyptian new administrative capital city.
Accordingly, increasing the loan will be an integral part of its plan in the Egyptian market, to finance two power plants in the New Capital and Borolos.
However, energy projects are critical to the Egyptian economy, industrial development and the building of new urban communities.
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