The International Cooperation Ministry is looking to sign agreements to secure USD 1.65 bn in funding for social housing and sanitation projects in its development plans for next year, Youm7 reports. Minister Sahar Nasr will reportedly be signing a USD 1 bn agreement with China to connect 264 villages to the country’s sanitation network. The ministry is also hoping to sign a USD 56 mn agreement with the French Development Agency to fix problems at the Alexandria water treatment plant. Other prospective agreements include a USD 370 mn facility from the European Investment Bank to fund sanitation works in Fayoum and a USD 116 mn agreement with the Kuwait Development Fund for a desalination station in Port Said. The African Development Bank has also pledged nearly USD 160 mn to the development of slums in Greater Cairo.
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