Cooperation portfolio bet. Egypt, Switzerland reaches €48M

CAIRO – 6 February 2020: The cooperation portfolio between Egypt and Switzerland reached around €48 million, Minister of International Cooperation Rania al-Mashat said Thursday.

Mashat clarified that the cooperation comes in the fields of communications, urban planning, drinking water, sanitation, textile, health and environment.

“The existing development partnership between both countries has recorded 700 million Swiss francs (€653.29 million) since the beginning of development cooperation between them, which contributed to the implementation of 200 projects,” she added.

The minister aspired for more cooperation between both countries within the framework of the new cooperation strategy during the period from 2021-2021 according to the new priorities of the Egyptian Government and the sustainable goals of the United Nations.

Mashat stated earlier that the economic cooperation between Egypt and Switzerland hit 86 million Swiss francs during 2017-2020, adding that Switzerland has contributed to the provision of grants to Egypt by around 700 million Swiss francs since the beginning of the development cooperation between both countries, which helped in implementing 200 projects.

During this month, Egypt and Switzerland signed three memorandums of understating (MoU) to strengthen bilateral investments, improve higher education, and develop the structure of the public business sector.

Swiss Minister of Economic Affairs, Education and Scientific Research, Guy Parmelin, accompanied by a large Swiss delegation composed of members of Parliament, government officials and numerous business leaders, visited Egypt on an economic mission to Cairo from February 2-5.