Kuwaiti newspaper Al-Nahar reported on Friday that Kuwaiti Ambassador to Egypt Rasheed Al-Hamad said that his country would provide Egyptian government with a $100 million loan next January to finance large-scale projects.
"Kuwaiti investments in Egypt were not out-flowed under any circumstance, especially in tourism's sector," the newspaper quoted Al-Hamad as saying.
Hamad added that the volume of Kuwaiti investments in Egypt exceeds $7 billion, and that Kuwait is keen to strengthen its relations with Egypt even, particularly in the economic arena.
No comments:
Post a Comment