Is the Investment Minister’s visit to North Sinai a sign of a new calm there?

Investment Minister Sahar Nasr visited North Sinai governorate in a rare appearance there by a senior government official. Nasr inspected work on development zones funded through USD 340 mn in financing from the Saudi Fund for Development (SFD), according to a ministry statement. The Sinai Development Program includes 12 financing agreements with the SFD and other regional finance institutions including the Kuwaiti Fund for Arab Economic Development, which contributed USD 900 mn to the program.