By: Ahmad Awad
Kuwait-Mubasher: Egypt’s finance portfolio in Kuwait Fund for Arab Economic Development stands at $2.1 billion, said director general Abdulwahab Al-Bader who added that it is allocated for development projects.
Kuwait Fund finances Egypt with $300 million annually for executing projects, Al-Bader noted on the sidelines of the meetings held with the Arab development institutions.
The fund will give Egypt freedom of choice to select the suitable financing package for a set of projects in the Sinai peninsula, added the director general.
