Egypt signs €57.7m agreement with Germany

Egypt’s Minister of International Cooperation Rania Al-Mashat signed a development financing agreement grant worth €57.7m, on Thursday, with German Ambassador in Cairo Cyrill Nunn. 

This comes within the framework of the 2019 Financial and Technical Cooperation agreements signed between the Egyptian and the German side, with the plan of implementing six projects in the sectors of energy efficiency, renewable energy, technical education and vocational training, private sector support, administrative reform, water support, and sanitation. 

Minister Al-Mashat noted that these projects will be implemented in cooperation between Egypt’s relevant ministries and the KfW Development Bank, along with the German Agency for International Cooperation (GIZ).