Egypt secures €262 million from France, EU for water and energy infrastructure projects

Egypt, France, and the European Union (EU) have signed nine financing and grant agreements worth €262.3 million to support water treatment, sanitation, renewable energy, and railway initiatives in Egypt, reports Daily News Egypt. The deals were signed during French President Emmanuel Macron’s state visit and the announcement of a new strategic partnership between Egypt and France.

Rania Al-Mashat, Egypt’s Minister of Planning, Economic Development, and International Cooperation, described the agreements as a “pivotal development” in Egyptian-French relations, enhancing the broader Egyptian-European strategic partnership.

During Macron’s visit, Al-Mashat signed two key agreements with the French side, witnessed by both President Macron and Egyptian President Abdel Fattah El-Sisi. These included a renewed joint declaration for technical and financial cooperation and another declaration to implement four projects aligned with Egypt’s economic goals.