Future Play & Playspaces MENA 2017
 
Friday, December 9, 2016
Directory Directory Subscribe
Login
 

Saudi Arabia offers $1.5 billion to fund Egypt's Sinai projects

 
 

Please, enter data

Please, enter data

ifpinfo, 21 March 2016

Egypt said on Sunday that Saudi Arabia has offered US$1.5 billion to help finance economic projects in the Sinai Peninsula, as Riyadh continues to bolster its ties with Cairo.

Last December, Riyadh pledged $8 billion in investment and aid to Egypt over five years, but it was unclear whether the Sinai offer was part of this.

Egypt's International Cooperation Minister Sahar Nasr signed a "US$1.5 billion agreement with the Saudi Development Fund for developing projects in the Sinai Peninsula", a ministry statement said.

The funds will be used "for development projects" in agriculture and to build 26 residential complexes that would also include hospitals and schools.

Sunday's agreements come ahead of an official visit by Saudi King Salman to Cairo on April 4.
Ifpinfo
21 March

  COMMENTS
Login to Add Your Comment  (for subscribers) | Subscribe

 

Latest News

Qatar's SC and India sign 2022 projects MoU
Construction Week, 8 December 2016

The Supreme Committee for Delivery & Legacy (SC) has signed a memorandum of understanding (MoU) with India to encourage participation of Indian companies in ...

Read full story
Qatar's SC and India sign 2022 projects MoU
$10 million glass factory to open in Zahleh  
businessnews.com.lb, 8 December 2016

Glasspack, a newly established company, will open in mid-2018 a factory for the manufacturing of glass bottles and jars in Zahleh's industrial city, bringing ...

Read full story
$10 million glass factory to open in Zahleh
	 
Egypt signs three cooperation agreements with Kuwait  
Egypt Independent, 8 December 2016

International Cooperation Minister Sahar Nasr signed  three agreements of cooperation with Abdel Wahab Badr, general director of the Kuwait Fund for Arab ...

Read full story
Egypt signs three cooperation agreements with Kuwait
	 
Egypt boosting its electricity capacity through renewables  
Oxford Business Group, 8 December 2016

In a bid to boost Egypt’s power generation capacity, government officials are looking to increase production from solar and other renewable energy ...

Read full story
Egypt boosting its electricity capacity through renewables
	 
Back to Home Page 907 --- 275 <><><> 506.16666666667.....exvideo=0....eximage=0
P 0
BR 10

Future Play & Playspaces MENA 2017

 

 
2nd Annual Marine Data Infrastructure GCC
30 - January 2017
3rd Annual Future Landscape & Public Realm UAE
6 - February 2017
LightingTech KSA
6 - March 2017
Smart Parking Jeddah
13 - March 2017
3rd Annual RetrofitTech UAE Summit & Awards
20 - March 2017
 
  View more  

Market Indecies
 
Saudi SE - 2.32%
Dubai FM - 4.53%
Abu Dhabi SE - 3.99%
Kuwait SE - 1.51%
Doha SM - 8.36%
Muscat SM - 6.18%
Casablanca SE Closed
Bahrain SE - 0.98%
Cairo SE Closed
Amman SE - 1.12%
 

Project Qatar 2017

Quick Links
  Reports  
  Articles  
  Brochures & Flyers  

Up-coming events
  Project Egypt - 8 February - 11 February 2017  
  Food Africa Cairo - 22 April - 24 April 2017  
IFP Group Events Calendar

 


Magazine sections
  Finance  
  Zoom  
  Growth Markets  
  Regional Overview  
  Editorial  
  Tips and Tricks  
  Spotlight  
  Home Finance  
  Our Meetings
 
  Focus
 
  News
 
  Legal Issues
 

 

               
IFP Corporate
• IFP Emirates
• IFP Lebanon
• IFP Qatar
• IFP Iraq
• REC Saudi Arabia
• IFP China
Lebanon
Energy Lebanon
Project Lebanon
Qatar
Heavy Max
Project Qatar
Qatar StoneTech
Iraq
Saudi Arabia
Riyadh Motor Show
 
 
  IMC
IFP Group 2016 - © All rights reserved