Republican decree approving Kuwaiti loan to finance tunnel project in Sharm

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Thu, 04 Jun 2020 - 09:43 GMT

File- Sharm el Sheikh city hosts Egypt's first World Youth Forum- Hussein Tallal / Egypt Today

File- Sharm el Sheikh city hosts Egypt's first World Youth Forum- Hussein Tallal / Egypt Today

CAIRO - 4 June 2020: The official gazette published on Thursday presidential decree no 632 of 2019 on approving a second loan agreement worth 26 million dinars to finance a tunnel project in Sharm El Sheikh as part of a program to develop Sinai peninsula.

The decree stipulates amendment of the first loan agreement signed on March 13, 2018 between the Arab Republic of Egypt and Kuwaiti Fund for Arab Economic Development.

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