14 November 2018 11:26 AM

Egypt, France sign 4 agreements in energy, transport, healthcare, SMEs

Friday، 09 March 2018 - 01:31 PM

Egypt and France signed on Thursday 08/03/2018, at the headquarters of the Ministry of Investment and International Cooperation, four agreements worth 60 million euros, in the fields of energy, transport, healthcare and micro, small and medium-sized enterprises (SMEs).

Minister of Electricity Mohamed Shaker and Minister of Investment and International Cooperation Sahar Nasr signed a grant agreement worth 1.5 million euros to finance technical support in the field of energy with French Ambassador in Cairo Stéphane Romatet and head of the French Development Agency (AFD) office in Cairo Stéphanie Lanfranchi.

Nasr also signed with Romatet and Lanfranchi a grant from the European Union worth 8 million euros to rehabilitate Alexandria tram, in the presence of Minister of Transport Hisham Arafat.

Minister Nasr and Minister of Health Ahmed Emad El Din signed with the French side the executive agreement of a grant to finance healthcare projects at 130,000 euros.

Nasr also signed with the French side a joint declaration to provide 50 million euros to finance a credit line for supporting SMEs to be run by women with the aim of developing their activities.

Minister Nasr said the agreements were the fruit of cooperation with the French side to provide a better life for citizens.

The French ambassador, for his part, expressed his country's keenness on cooperation with Egypt and increasing French investments in it.

The French agency contributed so far by 1.76 billion euros to important projects across Egypt, in addition to more than 106 million euros in grants offered by the EU under the supervision by the French agency. 

MENA

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