CAIRO – The House of Representatives has approved a presidential decree okaying an advisory co-operation agreement between Egypt and the European Investment Bank (EIB).
The deal aims at supporting investment plans that have to do with sustainable green industry projects.
Under the agreement, technical assistance regarding the financing of advisory services will be offered, thus helping select sustainable green industry plans.
The EIB’s Facility for Euro-Mediterranean Investment and Partnership (FEMIP) will provide a loan worth 500,000 euros to help implement the plans.
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