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Egypt Allocates $270 Million for Sinai Development: MENA

Sept. 3 (Bloomberg) -- Egypt’s government allocated 1.65 billion pounds ($270 million) for development and infrastructure projects in the Sinai Peninsula, the state-run Middle East News Agency reported today.

The government is considering establishing three free-trade zones in Rafah and Arish in north Sinai and Nuweiba in south Sinai, Cairo-based MENA reported, citing the head of the Sinai Development Authority.

To contact the reporter on this story: Salma El Wardany in Cairo at selwardany@bloomberg.net

To contact the editor responsible for this story: Antony Sguazzin at asguazzin@bloomberg.net

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