Egypt Gets $80 Million Saudi Irrigation Loan, Al-Riyadh Reports

The Saudi Fund for Development agreed to lend Egypt $80 million loan to finance irrigation stations, al-Riyadh reported, citing Mohamed Baha El-Din, the Egyptian Minister of Water Resources and Irrigation.

The loan is repayable over five years, the newspaper said.

To contact the reporter on this story: Deema Almashabi in Riyadh at dalmashabi@bloomberg.net

To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net

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