Egyptian Ministry to provide financial guarantee for water sector

The guarantee will help fund desalination projects in Hammam area in Marsa Matrouh

  
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.

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