Arab Fund to finance Egyptian water projects by $ 56 million

The Arab Fund for Economic and Social Development has announced its consent to finance the first phase of a project on supplying as many as 240 Egyptian villages, deprived of potable water with a total cost of 17 million Kuwaiti dinars ($ 56.1 million).

The Fund informed Minister of Planning and International Cooperation Ahmad El-Darsh that it agreed to contribute to financing the project.

In statements, Darsh said an agreement to this end was initialed between the two sides in July.

The first phase of the project is expected to cover 108 villages, according to Darsh.