KFAED allocates USD 500 mn to finance projects in Egypt over three years: The Kuwait Fund for Arab Economic Development (KFAED) has earmarked USD 500 mn to finance energy, water and sanitation projects in Egypt over the next three years, said KFAED Advisor Mohammad Sadeqi. To date, Egypt has received USD 3.3 bn in loans from KFAED as of November, including USD 1.6 bn that went to the energy sector, Sadeqi said.

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