VOL. XLV
No 49
9-December-2002
KUWAIT/EGYPT
KFAED Lends Egypt $97Mn For First Stage Of Nubariyah Power Project
The Kuwait Fund for Arab Economic Development (KFAED) is lending Egypt $97.5mn for the first phase of construction of the Nubariyah power project, located between Cairo and Alexandria. The loan will cover 33% of the projects total cost which is expected to reach E1,955mn ($425mn) with the remainder coming from foreign investment, with Arab Fund for Economic and Social Development (AFESD)...
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