CAIRO, Sept 9 , 2018 - The Minister of Investment and International Co-operation, Sahar Nasr, and a delegation from the World Bank (WB) met on Sunday to discuss the progress of the Sinai development project. Discussions focused on accelerating the process of receiving one billion dollars in funds from the WB. Minister Nasr said that allocating more funds to the development of Sinai was very important as it would help upgrade the infrastructure and facilities and would link Sinai with all the other governorates. She added that the WB fund would also help establish several agricultural and water desalination projects. The minister noted that Arab funds would also contribute to financing the development of Sinai, as the ministries had succeeded in raising $2.5 billion after signing agreements with the Saudi and Kuwaiti funds. The WB delegation hailed the government's economic and social programmes and its economic and legislative reforms such as the new investment law, the leasing law, the bankruptcy law, the capital market law, and the companies' law. Discussions also covered co-operation over supporting the private sector and small-and-medium enterprises (SMEs) in Sinai.
