Home Business Policies Egypt gets $18m Kuwait funding for two desalination plants

Egypt gets $18m Kuwait funding for two desalination plants

by Radarr Africa
Egypt gets $18m Kuwait funding for two desalination plants

Egypt has reached an agreement with the Kuwait Fund for Arab Economic Development for the development of two desalination plants in the new cities of Rafah and Bir al-Abed in North Sinai, said a report.

The loan agreement worth KD5.5 million ($18.27 million) between Egypt and the Kuwait Fund for Arab Economic Development has been approved by President Abdel Fattah El Sisi, reported Egypt Today.

In April last year, North Sinai Governor Mohamed Shousha announced that construction of the largest desalination plant in Africa and the Middle East has started.

The capacity of the first phase is 100,000 cum per day, and that of the second and third phases is 300,000 cum per day, he added.

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