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Wednesday, 11 April 2018

Arab Fund pledges USD 2.8 mn for Sinai development

The Arab Fund for Economic and Social Development has pledged three grants of USD 2.8 in total to support development projects in Sinai, according to an Investment Ministry statement. This comes as Minister Sahar Nasr meets with the heads of regional financial institutions in Jordan to discuss financing commitments for Sinai. Nasr has already signed contracts for funding from the Islamic Development Bank Group and a USD 100 mn loan from the Kuwait Fund for Arab Economic Development.

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