CAIRO, April 7 (MENA) – Egypt has signed nine financing agreements with the French Development Agency (AFD) on the sidelines of French President Emmanuel Macron’s current high-level official visit to Cairo.
Valued at a total of 262.3 million euros worth of loans and grants, the agreements signed reflect the strength and diversity of the long-standing partnership between Egypt and France.
The signing ceremony was attended by Minister of Transport and Industry Kamel al-Wazir, Minister of Health and Population Khaled Abdel Ghaffar, Minister of Planning, Economic Development and International Cooperation Rania al-Mashat, Minister of Electricity and Renewable Energy Mahmoud Esmat, Minister of Housing, Utilities and Urban Communities Sherif al-Sherbiny, as well as a number of French ministers.
The agreements, which cover three top-priority sectors: transport, water, and energy, include high-impact projects that reflect the diversity of cooperation between Egypt and France.
These projects constitute nearly half of the commitments included in the Intergovernmental Agreement (IGA) for the period 2021-2025.
By leveraging the technical expertise and know-how of French companies, the AFD Group invests in projects with a tangible impact to achieve shared prosperity.
Since 2006, the AFD Group has been a key player in France-Egypt cooperation.
Its activities support economic, social, and environmental transformations in Egypt in line with the UN’s Sustainable Development Goals and Egypt Vision 2030. (MENA)
Egypt signs 9 financing agreements with French Development Agency at value of €262.3 mln Egypt Independent.
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