Egypt is in talks with the Kuwait Fund for Arab Economic Development (KFAED) to help finance three new development projects in Sinai region, said a report.

These include road development works, upgradation of a fishing port in Al Tor city and extension of  electricity lines to 17 compounds in North and South Sinai, reported Amwal Al Ghad citing a Ministry of International Co-operation official.

There has been a significant progress in the co-operation between Egypt and the Arab funds, the official said, referring to $105-million deal signed recently with the Kuwait Fund for the establishment of five desalination plants in South Sinai.

Egypt has also signed a $126 million with the Kuwait Fund late July to finance East Port Said desalination plant, the report added.