Egypt receives second UAE payment for Ras al-Hekma project ...Kuwait

The New Arab - News
Egypt receives second UAE payment for Ras al-Hekma project
Egypt received $14 billion from the United Arab Emirates on Wednesday as a second payment for the development of Ras al-Hekma peninsula west of Alexandria, a cabinet statement said. The deal with Abu Dhabi sovereign fund ADQ to develop the 200 km (125 mile) peninsula includes a total of $35 billion in investments and is one of the biggest deals of its kind. Egypt has also started working with the UAE to waive an Emirati deposit of $6 billion in the Egyptian central bank and convert its value to the equivalent in Egyptian pounds (EGP), Egyptian prime minister Mostafa Madbouly added in the statement. Egypt received $5 billion as a first payment in the property developme

Hence then, the article about egypt receives second uae payment for ras al hekma project was published today ( ) and is available on The New Arab ( Kuwait ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Egypt receives second UAE payment for Ras al-Hekma project )

Apple Storegoogle play

Last updated :

Also on site :

Most viewed in News
Parade - before 8 hours & 5 minute