On 01/01/1900 , Kuwait Fund for Arab Economic Development has started to cooperate with Egypt.
KFAED was established on 31\12\1961 and was reorganized according to Law No. 25 of 1974with a capital worth KWD 2000, 000,000 (two thousand million Kuwaiti dinars) equivalent to USD 7.2b.
The currenc tcooperaiton portfolio comprises 39 loan agreements worth a total amount of approximately USD 2468m, besides the grants and technical assistance provided by KFAED worth a total amount of USD 32m.
Latest aspects of cooperation :
A loan agreement worth KWD 30m equivalent to USD 108m will be signed on 22\11\2015 to finance the Electricity Interconnection Agreement between Egypt and Saudi Arabia.