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Egypt Prez Ratifies Loan From Kuwait For 4 Desal Plants In South Sinai


President Abdel Fatah al-Sisi ratified on Thursday a loan agreement worth KD15 million with the Kuwait Fund for Arab Economic Development (KFAED) to establish four desalination plants in South Sinai. The president also ratified an additional loan worth KD25 million to fund a water drainage project in Bahr el Baqar, Egypt’s largest sewage water treatment plant, to face water shortage that could affect around 0.5 million people in Sinai. Both agreements were signed on December 8, 2012.