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Kuwait Fund For Arab Economic Development (Kuwait City)

KF Finances Five Desalination Plants Project in Egypt

A Loan Agreement was signed today in the city of Cairo between the Government of the Arab Republic of Egypt and the Kuwait Fund for Arab Economic Development, whereby the Fund will make a loan of Kuwaiti Dinars 29 Million (equivalent to about US$ 98.6 Million), to the Government of the Arab Republic of Egypt to assist in the financing of the Construction of Five Desalination Plants Project in the Governorate of South Sinai.

The Loan Agreement was signed by Her Excellency Dr. Sahar Ahmed Mohammed Abdul-Moniem Nasr, the Egyptian Minister of International Cooperation, and Mr. Abdulwahab Ahmed Al-Bader, Director-General of the Fund.

: The Loan Agreement was signed by Her Excellency Dr. Sahar Ahmed Mohammed Abdul-Moniem Nasr, the Egyptian Minister of International Cooperation, and Mr. Abdulwahab Ahmed Al-Bader, Director-General of the Fund.

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