Minister of International Cooperation Sahar Nasr reviewed on Friday 29/07/2016 final measures of the first batch of a Saudi loan to bankroll a Sinai development program.

Egypt will receive 500 million dollars worth of the first batch of a 1.5-billion-dollar loan offered by the Saudi Fund for Development.

During her meeting with a delegation of the Saudi Fund, Nasr stressed the importance of speeding up the measures to implement the development project meant to provide Sinai residents with services and create job opportunities especially for youth and women.

The project should also help eliminate terrorism, she added.

MENA