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Kuwaiti Development Fund Loans Egypt $20 Million USD for Sewage Plant

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Saudi Arabia, CAIRO, Egypt, JEDDAH

— The Kuwaiti Fund for Arab Economic Development loaned $20 million to the Egyptian government to build a sewage treatment plant in Al-Shorouk, northeast of the Cairo.

The loan agreement calls for Egypt to repay over 20 years at a 2 percent annual interest rate.

The Egyptian government will get a four-year grace period.