Egypt gets $100m Saudi Arabia loan for power station

Saudi Ambassador to Cairo, Ahmed bin Abdulaziz Qattan, has on Wednesday announced that the Saudi Fund for Development board, headed by Saudi Finance Minister Ibrahim bin Abdulaziz al-Assaf, has recently approved a loan to Egypt worth $100 million.The loan will help finance the expansion project of the West Cairo power station to generate 650 megawatts, the Saudi diplomat added.

Saudi Arabia will continue to support Egypt in all fields, Qattan said in a statement on Wednesday, emphasizing the strength of relations between the two countries.