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Islamic Development Bank to fund economic, social projects in Egypt

JEDDAH, June 12 (KUNA) -- President of the Islamic Development Bank (IDB) Dr. Ahmad Mohammad Ali visits Egypt tomorrow for talks with senior government officials over IDB's plans to fund development projects in the north African country.
Ali, in a statement Sunday, said would be discuss with the Egyptian officials means of funding economic and social development projects for the next three years, as well as signing a number of financing agreements.
He said IDB planned to support the Egyptian economy through funding a number of infrastructure projects, like electricity, railways, roads, education and ports.
Ali said the agreements he would sign would be designed to fund steam energy station in Suez and Al-Ahram Arabic Language for non-Arab people. (end) yms.bs KUNA 122002 Jun 11NNNN