Politics
Egypt's parliament approves €110m AfDB loans to expand Al-Gabal Al-Asfar treatment plant
November 3, 2026 at 12:59 PM
Coverage
2 reports · over 1 hour
Egypt's parliament on Tuesday approved Presidential Decree No. 260 of 2025, endorsing African Development Bank loans funding the wastewater plant's third phase.
- Parliament approved two loan agreements worth 110 million euros with the African Development Bank to finance the plant's third phase.
- Committee chair Ahmed Shalaby said the expansion will lift daily treatment capacity from 2.5 to 3.5 million cubic meters, serving 17.5 million people.
- Financing splits into 80 million euros from the African Development Bank and 30 million from the "Africa Grow Together" fund, with a technical support grant.
- Lawmaker Mahmoud Taher urged accelerating delayed projects and setting clear timelines for their entry into service.
Market angle
- More state projects add to contractors' and suppliers' order books. — may benefit: Cables & electrical equipment, Cement, Contracting & construction, Steel
Not investment advice.

