Egypt's Sisi approves loan worth $14 mln to establish grain storage in Port Said

Ahram Online , Thursday 27 Feb 2020

The loan agreement was signed in July 2019 and ratified by parliament in November

Egypt's President Abdel Fattah El-Sisi

Egypt's President Abdel-Fattah El-Sisi issued Thursday a presidential decree, No 519 of 2019, approving a loan agreement between Egypt and the OPEC Fund for International Development (OFID) worth $14 million.

The loan, which was signed in July 2019, is set to establish grain storage facilities in Port Said governorate.

The Egyptian parliament ratified the agreement in November before it was signed by the president.


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