
Egyptian Minister for International Cooperation Rania al-Mashat has confirmed that Arab financial institutions led by Saudi Arabia have provided $9 billion for the advancement of Sinai, noting that the Kuwait Fund supports technical studies of the railway link project between Egypt and Sudan through a grant of $2.5 million.
Al-Mashat revealed that efforts are underway to put in place a future strategy with the OPEC Fund for International Development (OFID).