Egypt has signed with the Kuwait Fund for Arab Economic Development two agreements worth 2.28 billion Egyptian pounds ($127 million) for projects in Bahr El-Baqar and South Sinai . On the sidelines of The Africa Business Forum 2018, Minister of Investment and International Cooperation Sahar Nasr inked the agreements with the Kuwait Fund for Arab Development Bank Director General, Abdel Wahab Al Badr in the presence of South Sinai governor Khaled Fouda. The two agreements include funds to support the establishment of water system for a drain in Bahr El-Baqar to treat sewage and agricultural wastewater worth 1.4 billion Egyptian pounds. It will be inaugurated after two years in the east of Suez Canal The 106-kilometer drain of Bahr al-Baqar starts from Dakahlia governorate to Sharqia, Ismailia to the last governorate of Port Said; the longest part locates in Sharqia governorate. The other agreement is to fund four seawater desalination projects in South Sinai with total of 880.05 million pounds in the frame work of Sinai Development Project, Sahar Nasr said. The desalination projects are with total capacity of 56,000 m2 per day, Nasr added Abdel Wahab Al Badr pointed out that the total number of projects financed by Kuwait Fund for Arab Development Bank in Egypt amounts to 50 projects in transport, agriculture, electricity, industry, drinking water and sanitation with total funds of $ 3.5 billion
