Cairo – (Masaader News)
Egypt has recently received $ 400 million from Saudi Arabia in additional development loan, raising the total funding for the reconstruction of Sinai to $ 900 million, Egypt’s Minister of Investment and International Cooperation, Sahar Nasr, said .
“The Sinai Development Program with the Saudi side includes 12 project financing agreements from the Saudi Fund for Development, with a total value of $ 1.5 billion,” Nasr added..
The program also includes projects for road development, agricultural development and land reclamation, as well as the establishment of King Salman bin Abdulaziz University.
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