News tagged "Fund"

Saudi Arabia, Egypt set up US$ 10 bn fund to set up mega city

Saudi Arabia, Egypt set up US$ 10 bn fund to set up mega city

6th March 2018

According to *Tradearabia news report, Saudi Arabia and Egypt have jointly set up a $10-billion fund to develop a planned a $500-billion mega-city and a business zone, with the latter committing over 1,000 sq km of land in the south Sinai region, said a report.[..]

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Alfanar secures funding for 50 MW solar PV project in Egypt

Alfanar secures funding for 50 MW solar PV project in Egypt

9th October 2017

Saudi-based alfanar, a leading electrical power company in the region, said one of its subsidiaries Alfa Solar Company, has signed a strategic $57-million loan deal with European Bank for Reconstruction and Development (EBRD) and Islamic Corporation for the Development of the Private Sector (ICD) to fund a 50 MW solar photovoltaic (PV) project in Egypt.[..]

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Egypt signs US$ 500 mn agreement with World Bank

Egypt signs US$ 500 mn agreement with World Bank

10th October 2016

Egypt has signed a $500-million agreement with the World Bank to fund the Upper Egypt Local Development Programme, including the improvement of key infrastructure at Qena and Sohag governorates, said a report.[..]

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