JPIC loans $100 million to Egyptian industry sector

Published March 12th, 2002 - 02:00 GMT
Al Bawaba
Al Bawaba

The Japanese International Development Bank announced that will award a $100 million soft loan to support an Egyptian industry upgrading scheme, reported Al-Hayat . Following a meeting with a delegation representing the Japanese bank, the Egyptian Minister of Industry and Technology Development, Ali Al-Saeidy, stated that the Japanese bank, which is the world’s largest development bank, has strong confidence in Egypt’s industrial sector. — (menareport.com) 

© 2002 Mena Report (www.menareport.com)