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HomeAgreementsEgypt’s International Cooperation Ministry pens 9 agreements with Germany

Egypt’s International Cooperation Ministry pens 9 agreements with Germany

The agreements include an €80-million grant to fund three projects supporting the competitiveness of the private sector, management of solid waste, and technical and vocational education

The Ministry of International Cooperation signed nine development cooperation agreements with Germany with a value of €‎160 million in a group of fields, including technical and vocational education and infrastructure, according to an official statement on November 17th.

The agreements include an €80-million grant to fund three projects supporting the competitiveness of the private sector, management of solid waste, and technical and vocational education.

Four financing agreements were signed with a value of €57 million to support the universal technical education initiative in Egypt; rehabilitation of canals and improvement of irrigation; and establishment of excellence educational centers.

Furthermore, four executive agreements with a total value of €23 million were inked for the Nile Water Delta Management program; the project supporting electronic government and innovation; an infrastructure project; and the competency-building project.

It is worth noting that German investments in Egypt amounted to around €2.8 billion at the end of April 2022.

Source: Zawya

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