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29 May 2017 description

By Nibal Zgheib

The EBRD is improving the living conditions of approximately three million inhabitants of Egypt’s Fayoum governorate – of whom around one million will have access to sanitation services for the first time – with a loan of up to €186 million to the Fayoum Water and Wastewater Company for the development and expansion of its wastewater services.

08 Aug 2014 description

The European Bank for Reconstruction and Development (EBRD) is providing a loan of US$ 60 million to support a benchmark project in 6th of October City, a satellite city in the wider Cairo area. The Bank’s loan will be complemented by a US$ 60 million loan from the International Finance Corporation (IFC) and an additional US$ 20 million loan from local Egyptian banks.

The funds will be used to complete the first phase of a large urban development in 6th of October City. The centrepiece of this plan is the completion of a retail and entertainment centre, Mall of Arabia.