ArabFinance: The Egyptian Ministry of Finance will offer EGP 3 billion worth of financial guarantee to state-owned Holding Company for Water and Wastewater, according to an official statement.
The guarantee will help fund desalination projects in Hammam area in Marsa Matrouh as well as Safaga, El Quseir, and Marsa Alam in the Red Sea.
The Egyptian government plans to attract new investments to those coastal areas while enhancing the services in the constructed developments, the statement added.
President Abdel Fattah el Sisi recently urged expanding national projects in the water sector.
Copyright © 2020 Arab Finance Brokerage Company All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info).
Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.
