Funds will be used to finance projects over the next 10 years
Egypt’s National Railways Authority is considering issuing £E10bn ($1.76bn) in bonds to finance projects over the next 10 years, Reuters has reported. The bonds would fund projects worth £E60bn and would be secured by the assets of seven companies belonging to the state authority. Egypt saw a law change in December which allowed utilities and other quasi-government organisations to issue bonds directly.
You might also like...
TotalEnergies to acquire remaining 50% SapuraOMV stake
26 April 2024
Hyundai E&C breaks ground on Jafurah gas project
26 April 2024
Abu Dhabi signs air taxi deals
26 April 2024
Spanish developer to invest in Saudi housing
26 April 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.