Saudi Arabia,Egypt Sign Three AgreementsSource: www.export-egypt.com 11/2/2014, Location: Middle East |
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The Saudi Fund for Development and Egypt have signed three agreements worth $300 million in presence of Egyptian Prime Minister Eng. Ibrahim Mahlab.
The first and second agreements aim to fund expansion projects of electricity stations in Al-Shabab and Damietta. The third agreement is to fund the provision of petroleum products for the benefit of Egyptian General Petroleum Corporation worth $ 250 million. The agreements of electricity stations were signed by Dr. Ibrahim bin Abdulaziz Al-Assaf, Minister of Finance and Chairman of the Board of Directors of the Saudi Fund for Development and Egyptian Minister of International Cooperation Dr. Najlla Al-Ahwani. The agreement of the provision of petroleum products was signed Vice President and Managing Director of the Saudi Fund for Development Eng. Yousef bin Ibrahim Al-Bassam and on the Egyptian side, the CEO of the Egyptian General Petroleum Corporation (EGPC) Eng. Tariq Ahmed Al-Mulla. |
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