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FINANCIAL NEWS
Egypt to sign deal worth USD85m with Arab Fund
21 Apr 2017
(MENAFN) The Arab Fund for Economic and Social Development (AFESD) had signed a deal with Egyptian government worth USD85m.
Egyptian Minister of Investment and International Cooperation said that the loan will help fund building a 50 MW photovoltaic power plant in Kom Ombo in Aswan.
After the Annual Meetings of the Arab Financial Institutions in Morocco’s capital Rabat, the deal was signed between Sahar Nasr and Director-General of the AFESD.
Moreover, Egyptian government is seeking to realize the highest level of environmental safety and sustainability in line with the global environmental standards for more clean energy.
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MENAFN2104201700450000ID1095408435
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