Saudi Fund for Development Pledges Resumption of Infrastructure Projects in Egypt

Wednesday, 26th April 2017

The Saudi Fund for Development (SFD) is pledging full commitment to resuming its infrastructure projects in Egypt, Invest-Gate reports.

Such commitment was manifested during a meeting between Minister of Investment and International Cooperation Sahar Nasr and SFD Vice-President and Board Member Youssef Bin Ibrahim Al-Bassam on the sidelines of the World Bank Spring Meetings held in Washington last week.  

The Saudi fund is currently financing 10 main projects worth EGP 1.5 bn in Sinai governorate, covering the fields of education, agriculture, housing, and water supply.

The Saudi fund is also funding a number of developmental projects worth more than EGP 300 mn nationwide.  

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