Egypt inks EGP 250m deals with KSA - Ministry

Egypt inks EGP 250m deals with KSA - Ministry
Egypt inks EGP 250m deals with KSA - Ministry

Riyadh – Mubasher: Egypt’s Minister of Investment and International Cooperation, Sahar Nasr on Friday signed two agreements at a value of EGP 250 million with a Saudi grant committee.

This Saudi committee will finance the small-sized businesses and cars’ possession in the participatory transport system in Egypt, according to the ministry’s statement.

The first agreement’s value is EGP 150 million, and the second deal amounted to EGP 100 million.

The two agreements will provide new job opportunities, and will be useful for the companies that work in investment and free zones, the Egyptian minister noted.

These agreements are part of grant from Saudi Fund for Development (SFD) to develop some projects in Egypt at a value of $200 million, Nasr’s Assistant Shehab Marzban said.

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Source: Mubasher

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