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President Sisi approves KWD 5.5M loan

President Sisi approves KWD 5.5M loan

ArabFinance: The Egyptian President, Abdel Fattah el Sisi, issued decree no. 77 of 2021, approving the KWD 5.5 million loan agreement between the government and the Kuwait Fund for Arab Economic Development (KFAED), the Official Gazette reported.

The loan will be allocated to finance the establishment of two seawater desalination plants in New Rafah City and New Bir El-Abd City.

The agreement was signed on 23 November 2020.


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