Sunday, February 22, 2015

China's $24.3 million non-refundable Grant to Egypt endorsed - Cabinet

ZAWYA - FEB. 18, 2015

By Ahmed Fayez

The agreement stipulates that Chinese government shall grant Egypt a non-refundable grant 150 million yuan or around US$24.3 million to fund Egyptian developmental projects. In return, the agreement would contribute to bolstering the friendship bonds and economic as well as technical cooperation between the two countries.
Elsewhere, the cabinet approved to task Isozaki, Aoki & Associates with carrying out the second phase of the consulting works to design the engineering structure and the buildings of Egypt - Japan University of Science and Technology at total cost of US$2.875 million.