Saudi Arabia grants Egypt $100 mn loan for power station

Saudi Arabia's permanent representative in the Arab League and Saudi Ambassador to Cairo, Ahmed bin Abdulaziz Qattan, has announced that the Saudi Fund for Development board, headed by Saudi Finance Minister Ibrahim bin Abdulaziz al-Assaf, has recently approved a loan to Egypt worth US$100 million.
The loan will help finance the expansion project of the West Cairo power station to generate 650 megawatts, the Saudi diplomat added.
The KSA will continue to support Egypt in all fields, Qattan said in a statement Wednesday, emphasizing the strength of relations between the two countries.
Edited translation from Al-Masry Al-Youm

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