Egypt, AFESD sign $249m grant agreement for Bahr El-Baqar drainage system

Egypt, AFESD sign $249m grant agreement for Bahr El-Baqar drainage system

Minister Al-Mashat indicated that the project's total estimated cost amounts to about $1bn, and is funded through a financing package from both the AFESD and the Kuwait Fund for Arab Economic Development (KFAED).. The grant will contribute to the project developing an automated intellectual property system at the Egyptian Patent Office (EPO), she said.. Minister Al-Mashat assured that this agreement is in line with her ministry's Global Partnerships Narrative that redefines the value of Egypt's development efforts with multilateral and bilateral public-private partnerships.. highest rate to buy US Dollar. lowest rate to sell US Dollar.