President El-Sisi approves new loan from Korean export and import bank worth $460 mn
First Bank
In its issue No. 10, dated March 7, 2024, the Official Gazette published 7 new republican resolutions of President Abdel Fattah El-Sisi, including the president's approval of a new loan arrangement agreement between Egypt and Korea.
Resolution No. 339 of 2023 of the President of the Republic was on approving the loan arrangement agreement between the Government of the Arab Republic of Egypt and the Government of Korea for a loan valued $460 million through the Korean Export and Import Bank for a manufacturing and supply project (40) train units (320) railcar for the second and third lines of the Greater Cairo metro.
