International Islamic Trade Finance Corporation
The package would also enable the authority in meeting basic commodities needs, the statement added.
Gamea added in a statement Thursday that $700 million of the funding will go to the energy sector, while $400 million will be for the internal trade.
The two sides agreed on a timetable to implement EDA programs as well as the budget proposed for each program.
This comes as part of the agreement worth $3 billion signed in January 2018 between the Ministry of Investment and the International Islamic Trade Finance Corporation.
The Islamic Development Bank (IsIDB) has a portfolio of $21.6 billion in Egypt, including $10 billion with the ITFC.
A presidential decree was issued on Thursday sanctioning a framework agreement between the Egyptian Investment and International Cooperation Ministry and the International Islamic Trade Finance Corporation (ITFC) to fund Egypt's importation of staple comm
The Public Authority of Supply and International Islamic Trade Finance Corporation signed on Thursday a $1B agreement to fund subsidized basic commodities
International Islamic Trade Finance Corporation this week opened a credit line worth $400 million for Egypt to buy petroleum products.
Minister of Investment signed Tuesday a $3 billion agreement with the Islamic Trade Finance Corporation (ITFC) to support the provision of basic goods in Egypt.
A wrap-up for the most prominent business news of the day.