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Egypt says land sale, IMF accord will ease budget problems

By Economic Times - 9 months ago
Egypt agreed in February to sell the development rights to Ras al-Hikma, a prime Mediterranean resort destination, to Abu Dhabi for $24 billion and expects more than $20 billion from an IMF-led package signed last Wednesday. The package includes $3 billion in funding from the World Bank, Maait said.

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