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Monday, 11 April 2016

Saudi Fund for Development to loan Egypt USD 120 mn for Kasr El Aini upgrades, development of six hospitals

The Saudi Fund for Development will provide Egypt a three-year, USD 120 mn loan to finance upgrades of the Kasr El Aini Hospital and fund six new hospitals that will be developed by the Engineering Authority of the Armed Forces. Upgrades to Kasr El Aini hospital officially launched today, a project which will include the development of an intensive care unit and upgrading medical equipment at the storied facility, said Higher Education Minister Ashraf El Sheehy at the launch ceremony attended by the Saudi ministers of finance and of education as well as International Cooperation Minister Sahar Nasr.

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