Arab Today, arab today kfaed egypt sign 106m loan to finance power station in assiut
Last Updated : GMT 12:35:42
Arab Today, arab today
Arab Today, arab today

KFAED, Egypt sign $106m loan to finance power station in Assiut

Arab Today, arab today

Arab Today, arab today KFAED, Egypt sign $106m loan to finance power station in Assiut

Cairo - KUNA

Kuwait Fund for Arab Economic Development (KFAED) signed on Monday a loan agreement with Egypt totaling KD 30 million (USD 106 million) to help finance a power station in southern Assiut province generating 650 Megawatt. KFAED Director General Abdulwahab Al-Bader signed the agreement with Egyptian Minister of Planning and International Cooperation Dr. Ashraf Al-Araby. After the signing ceremony, the Egyptian minister expressed, on behalf of the Egyptian government, appreciation for KFAED''''s support and the Kuwaiti role in supporting the Egyptian economy during this important phase. Al-Araby said that he also looking forward to further boost cooperation between Egypt and KFAED to support more developmental projects in Egypt during the coming period. The minister said the easy loan has a fixed interest rate of 2.5 percent. Ashraf added that the project aims at contributing to growing demand for electricity, and enhance power grid network. He said the Egyptian government is keen to attract foreign investment to this project, whose total value is around USD 597 million. For his part, Al-Bader said that KFAED continues to support development projects in Egypt, noting that there are still many projects agreed upon between the two sides and will be funded during the coming period. He added that Kuwaiti-Egyptian relations are deeply rooted, noting that the existing cooperation between the Egyptian government and KFAED extends to more than 50 years. Al-Bader also revealed that a team from KFAED will be heading to Egypt next April to fund another electricity project west of Cairo

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today kfaed egypt sign 106m loan to finance power station in assiut Arab Today, arab today kfaed egypt sign 106m loan to finance power station in assiut

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today kfaed egypt sign 106m loan to finance power station in assiut Arab Today, arab today kfaed egypt sign 106m loan to finance power station in assiut

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today What's the reason and what you can do

GMT 05:44 2017 Sunday ,22 October

What's the reason and what you can do
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Prayers turn to nightmare

GMT 06:14 2017 Sunday ,22 October

Prayers turn to nightmare
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today EU raids automaker BMW

GMT 11:06 2017 Saturday ,21 October

EU raids automaker BMW
Arab Today, arab today Sweden to get biggest car factory

GMT 14:10 2017 Friday ,20 October

Sweden to get biggest car factory
Arab Today, arab today Actress Mona Zaki praises husband’s role

GMT 08:15 2017 Thursday ,19 October

Actress Mona Zaki praises husband’s role
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 08:57 2017 Wednesday ,18 October

Actress Shery Adel happy for Egypt’s qualification

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 10:18 2017 Saturday ,21 October

How to do open-heart surgery

GMT 13:44 2017 Friday ,20 October

Barcelona through George Orwell’s eyes

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday