The development will be jointly funded by the two African countries as well as the Kuwait Fund for Arab Economic Development.
The two sides, in addition, discussed a potential road project linking Egypt and Chad through Sudan. This development would serve as a gateway for trade between the North African country and other African nations, the statement noted.
Last month, the Egyptian Cabinet agreed to establish a joint stock company with the Sudanese government, as part of the mutual cooperation between the two states.
Meanwhile in August, Egypt inaugurated a medical center in South Sudan.