Egypt's power project gets $100m loan from Saudi Arabia

Cairo - Mubasher: The Saudi Fund for Development (SFD) announced that it will allocate an amount of $100 million to finance West Cairo electric station expansion project.

The loan will contribute in enhancing the country's development plan, said a press statement.

Earlier, the Kuwait Fund for Arab Economic Development has announced it is allocating $1.5 billion to finance Egyptian projects, particularly in housing.

Mubasher Contribution Time: 25-Nov-2015 10:30 (GMT)