Minister of International Cooperation, Sahar Nasr, signed on Sunday three cooperation agreements with the director general of the Kuwait Fund for Development (KFD), Abdel Wahab Badr. The agreements, signed in the presence of the Kuwaiti ambassador to Cairo, are worth EGP 2.5bn, equivalent to $135m. It is considered the second project financed by the KFD in the Sinai Peninsula Development Project. The second agreement is a grant to finance several projects in healthcare and sewage management, among other sectors, in several governorates for $15m. The International Cooperation Minister expressed her admiration towards the extended cooperation between Egypt and the KFD, pointing out that the cooperation portfolio between the two parties has reached $3bn since the establishment of the fund.

Source: Daily News Egypt December 04, 2016 11:59 UTC