Saudi to launch $590m projects in Egypt

Cairo – Mubasher: The Egyptian and Saudi governments signed on Friday four agreements for projects worth $590 million, said Minister of International Cooperation Sahar Nasr.

The four projects comprise the establishment of King Salman University in Sinai, in addition to nine housing complexes, a power plant west of Cairo and the upgrade of a public hospital, according to the minister.

The four deals are part of 17 agreements concluded between the two countries earlier today on the sidelines of King Salman's five-day visit to Cairo which began yesterday.

Mubasher Contribution Time: 08-Apr-2016 14:46 (GMT)
Mubasher Last Update Time: 08-Apr-2016 15:07 (GMT)