PM receives LE 20M cheque from head of EFIA for Sinai development

CAIRO - 5 March 2018: Prime Minister Sherif Ismail was handed over on Monday a cheque for LE 20 million from the head of the Egyptian Federation of Investors Associations (EFIA), businessman Farid Khamis, as a "personal donation" dedicated for the development process of Sinai.

The LE 20 million cheque is the first tranche of a donation worth LE100 million, to be paid within a year, said a statement released by the cabinet.

The donation made by Khamis comes within the framework of the private sector's coordination with the state's efforts aimed at developing the Sinai Peninsula, a move that would contribute to providing job opportunities to the youth, the statement added.