Egypt Gets USD 252 mn Funding for Red Sea’s West Bakr Wind

The European Bank for Reconstruction and Development (EBRD) will extend USD 252 mn in funding to the 250-megawatt West Bakr Wind in Egypt’s Red Sea Governorate, aiming to bolster the production of clean energy, lo ...

Benban Solar Park Wins WB’s Best Project Award

The World Bank (WB) has picked Aswan-based Benban solar power park for an annual award as the world's top project.

IFC Invests USD 1.2 bn in Egypt in FY 2018

International Finance Corporation (IFC), a member of the World Bank Group, has invested  USD 1.2 bn in Egypt during the 2018 fiscal year (FY), which helped in creating jobs, developing local infrastructure, and co ...

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