Sat, 20 April 2024 | 10:18 am

President Sisi: Egypt receives 1st tranche of Ras El Hekma project deal

Egyptian President Abdel Fattah El Sisi Wednesday said that the Central Bank of Egypt (CBE) has received the first tranche of the multi-billion-dollar Ras El Hekma deal from the UAE.

The CBE is due to receive on Friday another batch of the project sums, the president added.

This came during president Sisi’s speech at the fifth edition of “Differently-Abled” celebration at Al Manara International Conferences Center in New Cairo.

He thanked the UAE and its President Mohammed bin Zayed Al Nahyan for this efforts, saying: “There is no state that would pay a sum of 35 billion dollars in partnership within a period not exceeding two months only.”

The president affirmed keenness on rendering the project success through partnership with the UAE.

He expressed desire for furthering cooperation, noting that the UAE’s decision to invest in Ras El Hekma project was a prompt one.

Gazette Staff

Gazette Staff

We The Staff of The Egyptian Gazette are working throughout the day to cover the most important news in all fields for you.

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