Cairo - Mubasher: The European Bank for Reconstruction and Development (EBRD) is planning to secure EUR 1.5 billion in credit facilities for Egypt this year, managing director for the bank’s southern and eastern Mediterranean (SEMED) region Janet Heckman said.
These funds will be used for financing a number of projects, including the execution of six dry ports, in addition to working with the Suez Canal Authority (SCA) on the water desalination project, Almal News reported, citing Heckman as saying.
The EBRD is seeking to invest EUR 1.5 billion in 2018, which is the same value of the European lender's investment in the North African nation in 2017, the top official highlighted.
