Egypt signs MOU for Kuwait fund help with railway projects
Source: BI-ME with Bloomberg , Author: Posted by BI_ME staff
Posted: Sun May 13, 2012 9:26 pm

EGYPT. Egypt signed a memorandum of understanding with the Kuwait Fund for Arab Economic Development to provide technical assistance worth about US$2.2 million for railway-related projects, the state-run news agency reported.

The fund will finance technical and economic feasibility studies for projects including a new railway signaling system, the Middle East News Agency said. The money will help finance “consultative services,” for the projects, it said.


 

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

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