EGP climbs vs USD in Wed.'s trading close    Egypt's Petroleum Minister inspects gas flows amid heatwave    Egypt, Saudi Arabia reject Israeli plan to occupy Gaza    Egypt prepares to tackle seasonal air pollution in Nile Delta    Egypt adds automotive feeder, non-local industries to list of 28 promising sectors    Egypt, Jordan to activate MOUs in health, industrial zones, SMEs    27 Western countries issue joint call for unimpeded aid access to Gaza    Egypt's Sports Minister unveils national youth and sports strategy for 2025-2032    Egyptian, Ugandan Presidents open business forum to boost trade    Al-Sisi says any party thinking Egypt will neglect water rights is 'completely mistaken'    Egypt's Sisi warns against unilateral Nile measures, reaffirms Egypt's water security stance    Egypt's Sisi, Uganda's Museveni discuss boosting ties    Egypt, Colombia discuss medical support for Palestinians injured in Gaza    Australia to recognise Palestinian state in September, New Zealand to decide    Trump orders homeless out of DC, deploys federal agents and prepares National Guard    Egypt, Huawei explore healthcare digital transformation cooperation    Global matcha market to surpass $7bn by 2030: Nutrition expert    Egypt's Sisi, Sudan's Idris discuss strategic ties, stability    Egypt's govt. issues licensing controls for used cooking oil activities    Egypt to inaugurate Grand Egyptian Museum on 1 November    Oil rises on Wednesday    Egypt, Uganda strengthen water cooperation, address Nile governance    Egypt's Sisi: Egypt is gateway for aid to Gaza, not displacement    Egypt, Malawi explore pharmaceutical cooperation, export opportunities    Korean Cultural Centre in Cairo launches folk painting workshop    Egyptian Journalist Mohamed Abdel Galil Joins Golden Globe Voting Committee    Greco-Roman rock-cut tombs unearthed in Egypt's Aswan    Egypt reveals heritage e-training portal    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Sisi Oks additional loan to fund Egypt's largest drainage system
Published in Amwal Al Ghad on 19 - 09 - 2019

Egyptian President Abdel Fattah al-Sisi on Thursday approved an additional loan agreement to fund the country's largest sewage water treatment plant in Bahr El-Baqar village.
On 8 December 2018, Egypt and Kuwait Fund for Arab Economic Development signed two deals worth 2.28 billion Egyptian pounds ($140.3 million) for projects in Bahr El-Baqar and South Sinai.
The additional loan agreement enables financing for the 106-km Bahr El-Baqar water drainage system worth KWD 25 million, equivalent to 1.3 billion pounds or $82.3 million.
El-Baqar water drainage system starts from Dakahlia to Sharqia governorates, Ismailia to the last city of Port Said; the longest part locates in Sharqia.
On the sidelines of Africa Business Forum 2018, Egyptian Investment Minister Sahar Nasr inked the deals with the Kuwait Fund for Arab Development Bank Director General Abdel Wahab Al Badr, in the presence of South Sinai governor's Khaled Fouda.
The two deals included funds to support the establishment of water system for a drain in Bahr El-Baqar to treat sewage and agricultural wastewater of 1.4 billion pounds. It will be inaugurated after two years in the east of Suez Canal.


Clic here to read the story from its source.