KFAED
Alghanem also pointed out that the KFAED is a key partner for Egypt, emphasizing the volume of work and achievements in megaprojects.
The second stage of the program with the same amount of money will kick off soon, he noted.
The first KWD 12.5 million- agreement will finance connecting water networks in Al-Arish City.
President Abdel Fatah el-Sisi approved $95.5 million loan agreement from Kuwaiti Fund for Arab Economic Development (KFAED) on Thursday.
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