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Egypt's Minister: $1.5 billion set for North Sinai projects from Arab funds
News Published in Albawaba on 13 - 08 - 2017

Cairo - Around $1.5 billion were accessed from Arab funds for development projects in North Sinai governorate, Minister of Investment and International Cooperation Sahar Nasr said Sunday.
The projects are in the fields of infrastructure, to build roads that link northern and southern Sinai together, build agriculture complexes, develop handicrafts and establish service projects.
Egypt will request Arab funds to increase finance volume for Sinai projects, which are carried out by the Armed Forces' Engineering Authority, Nasr told Egypt Today on the sidelines of a field visit to the eastern Egypt governorate.
Governor of North Sinai Abdel-Fattah Harhour said that the undergoing projects are 19 development projects. Other seven projects are located in South Sinai to cultivate 18,000 feddans to provide new job opportunities.
In July, the House of Representatives approved an agreement signed with the Kuwaiti Fund for Arab Economic Development (KFAED) to grant KWD 100,000 (KWD 1= $ 3.31) to fund model project for organic and biological farming technology in the North Sinai governorate.

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