Egypt to sign USD100mn deal with the Kuwait Fund for Sinai development by May-end
Egypt will sign its first deal worth USD100mn with the Kuwait Fund for Arab Economic Development by end of May to finance development projects in Sinai. Egyptian Minister of International Cooperation Sahar Nasr said that the agreement aims to finance the implementation of five water desalination stations, several roads including Oyun Musa in Sharm El-Sheikh, and an upgrade of a fishing port in El-Tor city. Arab funds are contributing around USD6bn to the development of Sinai Peninsula. (Amwal Al Ghad)
This website uses cookies to make the site work, to understand if the site is working well, how it is being used, to connect to social media sites (such as Facebook and Twitter) and to collect information useful to allow us and our partners to provide you with more relevant ads . Some cookies are essential to make the site work, but you can control how we use non-essential cookies at any time by clicking the “ON/OFF” button next to each category. For more information about the cookies used on this site, see Privacy Policy.
Decide which cookies you want to allow.
Strictly Necessary
These cookies are essential in order to enable you to move around our website and use its features, such as accessing secure areas of our website. Without these cookies, any services on our Site you wish to access cannot be provided.
Analytical/performance cookies
Visitors use our website, for instance which pages you go to most often, and if you get error messages from web pages.