Country
Egypt
Sector
Infrastructure
Intelligence Type
Capital
Status / Stage
Announced
Estimated Value
USD 3800000000
Confidence
Partially Confirmed
Latest Development
Capital Details
Capital TypeLoan
Investor / FinancierConsortium of Chinese banks, led by ICBC
Recipient / BorrowerAdministrative Capital for Urban Development (ACUD)
Purpose of CapitalFinancing the Central Business District towers within Egypt's New Administrative Capital
Financing Structure85% of CBD cost financed by the Chinese bank consortium
Commercial Opportunity Intelligence
Commercial ReadinessVery Early
Connected Intelligence
Source & Verification Trail
Last VerifiedNovember 2024
Source(s)Rowaq Arabi Journal; African Business
Source DateNovember 2024