Egypt to receive USD 1 bn in loans from Kuwait Fund: The Kuwait Fund for Arab Economic Development will provide USD 1 bn in loans to Egyptian infrastructure projects over the next three years, fund director-general Abdulwahab Al Bader told Zawya. The funding is earmarked for specific electricity, water, transport, communications and irrigation projects. Kuwait is presently helping finance the Sharm El Sheikh tunnel road and four desalination plants in South Sinai.

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