Cairo – Mubasher: Saudi Arabia will provide $1.5 billion in financing for the development of Egypt's Sinai development project, announced Minister of International Cooperation Sahar Nasr.
The minister also said talks are underway with Arab funds to secure around $1.68 billion loans over three years.
Egypt is seeking to raise a total of $6 billion worth of loans to finance the Sinai development project, according to the minister.
