Libya to carry out mammoth projects in Egypt
Cairo - MENA
Libya will carry out a number of giant projects in Egypt within the framework of supporting the Egyptian economy, the Libyan envoy in Cairo said. In statements to MENA, Mohamed Fayez Jibril said his country has allocated 10 to 12 billion dollars for these projects. According to economic experts, Egypt will need about 20 billion dollar foreign financial support until June 2014 to cover its debts. Jibril said Libya tries to solve the economic problems which Egypt faced since the January Revolution, topped by budget deficit and unemployment.
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