Social Housing Program Provides EGP 27 bn Funds Till October

Egypt's social housing program has successfully provided residences for 275,000 families, in collaboration with 29 banks and mortgage companies, at a total financing value of EGP 27 bn and a subsidized cost of EGP ...

Egypt Advances 6 Spots in WB’s Doing Business 2020

Egypt's ranking advanced six spots in the World Bank (WB) Group’s Doing Business 2020 report, thanks to the notable reforms being implemented for economic growth.

WB Approves USD 200 mn Loan for Egypt’s SMEs

The World Bank (WB) has approved a USD 2 mn agreement with Egypt to finance small- and medium-sized enterprises (SMEs) and to create more job opportunities, especially for youth and women.

World Bank Contribute USD 1.3 bn to Housing Ministry Projects

The Egyptian housing ministry has confirmed that the World Bank (WB) contributions to the first phase of the state's social housing project and the first phase of the sustainable sanitation program stand at USD 50 ...

El Gazzar Holds Meeting to Discuss New Mechanisms for Social Housing

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has met with a delegation from the World Bank (WB) and Egyptian real estate developers to discuss new mechanisms to involve the latter in the i ...

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.

Egypt Seeks 10% GDP Growth by FY 2029/30: Minister

Planning Minister Hala El-Saeed said on October 31 that the government is seeking to achieve a growth rate of 10% in the country's GDP by the end of FY 2029/30

Madbouly, World Bank Discuss USD 500 mn Social Housing Loan

Prime Minister and Minister of Housing, Utilities, and Urban Development Mostafa Madbouly met a World Bank delegation on October 26 to discuss providing USD 500 mn loan he had requested from the bank in July to su ...

Egypt, World Bank Sign USD 300 mn Fund for Rural Areas’ Infrastructure

Egypt and the World Bank (WB) have signed a USD 300 mn agreement to bolster the infrastructure in rural areas and most needy governorates, proceeding with the "Sustainable Rural Sanitation Services Program"

World Bank Agrees on USD 3 bn Loan to Egypt

Egyptian Minister of Investment and International Cooperation Sahar Nasr revealed on October 16 that an agreement was reached with the World Bank (WB) to provide the country with a new funding of USD 3 bn during t ...

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