(MENAFN) Egypt and the OPEC Fund of International Development (OFID) were confirmed to have agreed on an USD53.2 million deal for the second phase of renovating irrigation and sewage stations.
The agreement was signed by Egyptian Minister of Investment and International Cooperation Sahar Nasr and OFID's Chairman Suleiman al-Herbish.
The objective behind the project is to develop irrigation so as to improve the sustainable management of water resources along with boosting production of agriculture.
OFID chairman stated "OFID's projects in Egypt are being implemented well. We look forward to supporting projects of grain storage."
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