Showing posts with label Banha Power Plant. Show all posts
Showing posts with label Banha Power Plant. Show all posts

Monday, July 24, 2017

ADFD provides strategic funding for 64 development projects in Egypt worth AED 4 billion - CPI FINANCIAL

Monday 24, July 2017
Georgina Enzer

Abu Dhabi Fund for Development (ADFD) and the Government of Egypt have long enjoyed close and strategic ties.

The constructive cooperation between the two parties continues to promote sustainable development in vital economic sectors that benefit the citizens of Egypt.

To date, the Fund supported Egypt with Abu Dhabi government grants and concessionary loans worth AED 4 billion across 64 development projects. The projects spanned diverse sectors, most notably transport, housing, agriculture and irrigation, energy, industry and mining, education and healthcare. In addition, ADFD owns an 84 per cent stake in Abu Dhabi Tourist Investment Company, a Cairo-based hotel and tourism holding firm.