$9 Billion for Egypt in Return for Deal of the Century

• $9 Billion for Egypt in Return for Deal of the Century
  by https://www.middleeastmonitor.com/
  According to documents released by the White House, the economic aspect of Donald Trump’s peace plan between Palestine and Israel includes granting $9 billion to Egypt, half of which is in the form of soft loans.
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  The documents revealed that $50 billion will be dedicated to the economic part of the deal of the century, which will be invested in the revival of the Palestinian territories, as well as Lebanon, Jordan and Egypt.
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  The US President’s advisor and son-in-law Jared Kushner will announce the details of the first phase of the peace plan during the workshop on “Peace for Prosperity” in Manama, Bahrain, on 25 and 26 June.
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  According to the documents, the funds received by Egypt will be invested during three stages over 10 years, as follows:
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  * $5 billion to be invested in modernising transport infrastructure and logistics in Egypt.
  * $1.5 billion to be invested in supporting Egypt’s efforts to become a regional natural gas hub.
  * $2 billion to be dedicated to the Sinai Development Project ($500 million for power generation projects, water infrastructure, transport infrastructure and tourism projects).
  * An additional $125 million to be directed to the Overseas Private Investment Corporation (OPIC), which will direct this fund to small and medium-sized enterprises in Egypt.
  * $42 million to repair and modernise electricity transmission lines from Egypt to the Gaza Strip.
  * The commitment to discuss ways to enhance trade deals between Egypt, Israel, the Gaza Strip and the West Bank through Qualifying Industrial Zones in Egypt within the QIZ Agreement.
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