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Thursday, 23 June 2016

International Cooperation Ministry seeking ADFD funding for desalination plant

The International Cooperation Ministry is in talks to secure funding for the Qantarah water desalination station from the Abu Dhabi Fund for Development, a source told Al Borsa. The source refused to disclose the funding volume the ministry is seeking, but Al Borsa is hinting it could be close to the USD 500 mn International Cooperation Minister Sahar Nasr is said to be seeking to finance water treatment and desalination plants in Sinai. The Housing Ministry and the military’s Engineering Authority are reportedly finalising the technical and financial feasibility studies for the project.

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