🏙️🇰🇼🇪🇬 The Kuwaiti fund for development is investing in infrastructure in the North Sinai region of Egypt. The minister for investments and international cooperation of Egypt , minister Sahar Nasr, has signed today two deals worth 1 billion Egyptian pounds with the Kuwaiti official to support development projects in the North Sinai region, including water desalination projects, cultivation projects, and residential development. Kuwait is also considering investment in the Suez Canal economic zone and Egypt’s new Mediterranean city of El-Alamein. This comes in light of the very strong relations between both friend-nations.
Source: Al-Ahram (English)