Egypt seeks to receive USD5bn loans for development of Sinai
The government is negotiating to get a total of USD5bn in loans from the World Bank and Arab Funds to finance the development in Sinai, informed sources told Al Mal. The sourced added that the targeted loans are divided into USD4bn from the Arab Funds and USD1bn from the World Bank. The project is headed by the Ministry of Housing and the Ministry of Investment and International Cooperation.
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