360 million for joint development projects with Egypt in mitigating the negative impacts of the climate change.
This statement came in the course of talks between the two countries last week.
German Ambassador to Egypt Frank Hartmann spoke highly of the outcomes of negotiations, saying: “Germany again ranks among the very top of development partners to Egypt.”
“In co-operation with our Egyptian partners, we invest massively in a shared future based on reduced carbon output and clean energy as well as state-of-the-art vocational training for the younger generations in Egypt,” the German envoy added.
“Last week’s negotiations mark an outstanding success for our bilateral relations based on mutual trust, friendship and close co-operation.”
Germany and Egypt, together with the USA, have taken an important step in fighting climate change within the Egyptian nexus programme for water, energy and food (NWFE), for which Germany is providing grants, loan and debt swaps totalling €258 million.
Germany’s commitment is mainly to the NWFE programme with the goal of replacing a 5 GW capacity of inefficient gas-fired power plants with new and clean renewable energy capacities delivering an output of 10 GW.
As part of the agreement, Egypt has undertaken to have renewable energy account for 42 per cent of its overall energy mix by 2035.
Another focus of German-Egyptian co-operation lies in technical support of education and training initiatives in Egypt.
Germany continues to invest in vocational training and supports initiatives to systematically integrate the private sector in vocational training.
Ambassador Hartmann said Germany supports practice-oriented vocational training tailored to the needs of employers and labour market, thereby promoting the huge potential, talent and skills of young Egyptians and the competitiveness of a number of Egyptian industries.
So far, over 200,000 Egyptians have benefited from a wide range of German-funded vocational and advanced training as well as education initiatives.
Germany has granted €40 million to support career prospects of young Egyptians.
