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FINANCIAL NEWS
Egypt confirms 5 deals signed with Saudi Arabia
17 Jul 2016
(MENAFN) Egyptian parliament’s legislative and constitutional affairs confirmed five deals signed with Saudi Arabia in different sectors.
Moreover, the first agreement is a loan deal value USD120mn, while the second deal is designated to avoid double taxation and prevent of tax evasion.
In addition, the third one is a cooperation deal in maritime transport and ports, whereas the fourth is the expansion of a power plant in West Cairo at USD99.9mn.
On the other hand, the fifth is a grant worth USD2.5bn planning to enhance Egypt’s economic program.
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