BMI View: Egypt remained unsettled over Q3 2013 as the economic outlook weakened and international debate continued to threaten Egypt’s Nile resources. Facing these challenges the government has focused attention on the water sector and created a number of fresh opportunities. Funding came primarily through foreign investment, and the German government agreed to a US$225mn loan for infrastructure projects; the Assiut Barrage irrigation project will receive US$65.5mn. The OFID also announced that it will fund two irrigation projects worth US$65mn and French Development Agency (AFD) granted a US$75mn loan agreement for drinking water and sanitation projects in southern Egypt. The …
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