Egypt approves $460m loan from Korean bank

Nada Ali - Amwal Al Ghad

President, Abdel Fattah El-Sisi, approved a $460 million loan agreement with the Export-Import Bank of Korea (KEXIM), the Official Gazette reported on Thursday. The loan will finance the manufacturing and supply of 40 train units (320 cars) for the second and third lines of the Cairo Metro, the statement added.