EIB provided €1.7B funding to support Egyptian SMEs

SourceEgypt Today
SectorFinancial Markets

Photo for EIB – Courtesy of Facebook official page CAIRO – 19 November 2020: The European Investment Bank (EIB) has provided funding of €1.7 billion since January 2020, to support Small and Medium-Sized Enterprises (SMEs) via local banks.    The funding will also contribute to the implementation of sanitation projects in Alexandria Governorate and technical grants,, according to Ministry of International Cooperation.   The report issued by the Ministry of International Cooperation for the period from January to October 2020 stated, Thursday that  the ministry signed an agreement worth €120 million regarding the project "Development and Modernization of the Western Sewage Treatment Plant in Alexandria", for the benefit of the Ministry of Housing, Utilities and Urban Communities and the Executive Authority for Drinking Water and Sanitation.   Another cooperation agreement was signed regarding the feasibility study for the project of rehabilitating the second line of the Cairo subway with an ...read more...