Egyp Kuwait Fund for Arab Economic Development Signs MOU

By Administrator On May 13, 2012

Egypt signed a memorandum of understanding with the Kuwait Fund for Arab Economic Development to provide technical assistance worth about $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, MENA said. The money will help finance “consultative services,” for the projects.