Egypt, Germany sign cooperation agreements worth €320M

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Tue, 10 Oct 2017 - 01:57 GMT

BY

Tue, 10 Oct 2017 - 01:57 GMT

Minister of Investment Sahar Nasr during the signing ceremony- Press Photo

Minister of Investment Sahar Nasr during the signing ceremony- Press Photo

CAIRO - 10 October 2017: Minister of Investment and International Cooperation Sahar Nasr on Tuesday signed three cooperation agreements with German Minister of Economic Cooperation and Development Gerd Muller and the German Bank for Reconstruction to the value of 320 million euros.

This came during the second round of the Egyptian-German committee for joint cooperation.

The agreements included one on supporting the Egyptian economic reform program to the value of 225 million euros and another one for financing projects to the value of 45 million euros.

A third agreement with the Bank was signed for supporting small scale projects to the value of 50 million euros.

Attending the ceremony were Minister of Electricity Mohamed Shaker and Minister of Environment Khaled Fahmy along with Minister of Education Tarek Shawky.

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