Egyptian parliament's Housing Committee approved on March 2 presidential decree no. 43 of 2019 for the Asian Infrastructure Investment Bank's (AIIB) loan to improve rural sanitation services.

The Administrative Capital for Urban Development (ACUD) welcomed on December 12 the former Prime Minister of Ethiopia Haile Meriam Desaline to introduce him to one of the most important development projects in Egypt, the New Administrative Capital (NAC)

The Asian Infrastructure Investment Bank (AIIB) is planning to fund a variety of basic infrastructure projects worth USD 10 to 15 bn annually over a period of five to six years in countries within the bank’s operations, including Egypt, Invest-Gate reports.