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Egypt, EU sign development grants worth 138 mln euros

Egypt, EU sign development grants worth 138 mln euros

May 9, 2022
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Egyptian Gazette
Home Egypt

Egypt, EU sign development grants worth 138 mln euros

by Gazette Staff
May 9, 2022
in Egypt
Egypt, EU sign development grants worth 138 mln euros 11 - Egyptian Gazette
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CAIRO – The Ministry of International Co-operation and the European Union (EU) signed a number of development funding grants worth 138 million euros within the framework of the Egyptian-European partnership.

The deals aim at supporting the state’s efforts in the fields of rural and community development, administrative reforms, local development, environment and health.

The deals were signed at a ceremony inaugurated by Minister of International Co-operation Rania el-Mashat and EU Ambassador in Cairo Christian Berger in the presence of Minister of Environment Yasmine Fouad.

In her speech, Mashat stressed the importance of the strategic relations between Egypt and the European Union, which she said come as part of Egypt’s cooperation with multilateral and bilateral development partners.

She added that the Egyptian government is keen to continue developing relations with the EU within the framework of the new 2021-2027 co-operation programme, which aims at supporting the state’s efforts in many vital sectors, particularly in the fields of transition to the green economy, new and renewable energy and rural development.

Mashat noted that the EU has signed development grants with Egypt worth 650 million euros since 2008 to carry out various projects in infrastructure and priority sectors.

Tags: development grantsEgyptEU

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