Egypt’s seeks to borrow EGP 150 billion from Gulf, Egyptian banks – Middle East Monitor

Egypt’s General Authority for Tunnels is seeking a EGP 150 billion loan from Gulf and Egyptian banks to fund its investment plan for 2025-2026, with commitments from Qatar National Bank, National Bank of Kuwait, and Commercial International Bank. The Ministry of Finance has guaranteed these loans, which will support around 14 projects, including a light rail train and metro lines, with repayment scheduled over 25 years.

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