Minister of Investment and International Cooperation Sahar Nasr in a press conference in Sharm el-Sheikh on December 8, 2018. TV screenshot
CAIRO - 8 December 2018: The Africa Business Forum 2018 kicked off on Saturday in Sharm el-Sheikh.
On the sidelines, Minister of Investment and International Cooperation Sahar Nasr inked an agreement with the Kuwait Fund for Arab Development Bank in the presence of South Sinai governor Khaled Fouda.
The agreement is to fund a seawater desalination project to serve residents at the governorate. Those either resort to wells to get fresh water or use the water distributed by municipalities. The cost of water distribution is high. Also, the water can become contaminated while circulating among residents.
A street and a memorial will be constructed and named after Kuwaiti Emir Sabah al-Ahmed al-Sabah.
The Saudi Fund for Development (SFD) and the Arab Fund for Economic and Social Development will finance a water purification plant in Bahr al-Bakar in Sharqeya governorate, and four others in different governorates.