European Bank for Reconstruction and Development (EBRD) approved a loan of $300 million for the establishment of a water desalination plant in Ain Sokhna – Egypt

 Mamish added that the new contract with EBRD is a result of his last visits to Germany and the U.K.“The loan will be allocated for the project’s feasibility study, the environmental studies and the implementation of the new plant,” Mamish revealed. According to Mamish, EBRD’s directors appreciated the SCZone, placing it among its priorities during the coming period. An alliance of five shipping lines that earlier this year had ceased East Port Said operations in protest of a hike in fees have agreed to return to the port, Mamish said. The SCZone’s head went to Germany for talks [