Egypt will receive $6 billion in pledged deposits from the Gulf within ten days, Central Bank governor Hisham Ramez told state news agency MENA on Tuesday.
Gulf countries pledged a total of $12.5 billion in aid and investments during an economic conference held last month in Sharm El-Sheikh.
The deposits will be repaid through three maturity tranches of three, four and five years.
The extra dollar reserves come as the central bank tightens its grip on the currency black market.
Egypt imports products worth $60 billion annually which is funded through remittances, tourism revenues and Suez Canal revenues, the backbone for foreign currency earnings.
Egypt's net international reserves stood at $15.29 billion at the end of March.