News

Egypt Signs Two Agreements Worth EUR 69 Million With French Development Agency

Egypt Signs Two Agreements Worth EUR 69 Million With French Development Agency

Photo courtesy of Egypt's Ministry of International Cooperation
Photo courtesy of Egypt’s Ministry of International Cooperation

Egypt’s Minister for International Cooperation Sahar Nasr signed on Tuesday two grant agreements with Agence Française de Développement (AFD) worth a total of EUR 69 million, the ministry announced in a press release.

The agreement also includes a EUR 1 million grant, which will be distributed between several measures and initiatives.

According to the ministry’s press release, EUR 300,000 will be spent on vocational training in collaboration with the Social Fund for Development to develop repair and maintenance skills, EUR 250,000 will be directed towards a health insurance program in coordination with the Ministry of Health and the World Bank and EUR 150,000 will be spent on energy, including technical support to energy and renewable energy efficiency projects. The final EUR 300,000 will be spent on other sectors such as urban transportation.

EUR 300k to be spent on other sectors such as urban transportation.

Priority will be given to villages and areas in the most need for funding in the fields of energy, vocational training and urban transportation.

The agreement also includes EUR 68 million that has been earmarked entirely for gas delivery to 2.4 million homes over four years.

“The grant agreement relating to gas delivery to homes has been amended according to directives of President Sisi to optimize the local component and accelerate the project’s implementation,” Nasr said.

Egyptian Nobel Laureate Ahmed Zewail Dies at 70
'Al Jazeera Never Cared For Us': Abandoned Egyptian Journalist Exposes Negligence

Subscribe to our newsletter


News

Noura Shibl is a senior journalism student at the American University in Cairo, with an interest in photography. Hoping to report meaningful and unbiased stories about Egypt.

More in News

New Zoo Established in Cairo’s International Garden in Attempt to Expand Egypt’s Green Spaces

Egyptian StreetsFebruary 21, 2018

Saudi Women to Own Businesses Without Male Consent, Government Announces in Efforts to Modernize Kingdom

Egyptian StreetsFebruary 21, 2018

Israel Signs $US 15 Billion Deal to Export Natural Gas to Egypt

Egyptian StreetsFebruary 20, 2018

Egyptian Court Adds Former Presidential Candidate Abdel Monem Aboul Fotouh to Terror List

Egyptian StreetsFebruary 20, 2018

Khaled Ali Resigns from ‘Bread and Liberty’ Party After Sexual Harassment Accusations

Egyptian StreetsFebruary 20, 2018

Teenage FGM Rate Declines Amid Ongoing Fight to Stop the Practice Around Egypt

Egyptian StreetsFebruary 19, 2018

Egypt’s Ismailia to Become an ‘Electronic City’ in Attempts to Overcome Bureaucracy

Egyptian StreetsFebruary 18, 2018

Khaled Ali’s Party Acquits Him of Sexual Misconduct Following Accusation

Egyptian StreetsFebruary 18, 2018
Egyptian Streets is an independent, young, and grass roots news media organization aimed at providing readers with an alternate depiction of events that occur on Egyptian and Middle Eastern streets, and to establish an engaging social platform for readers to discover and discuss the various issues that impact the region.

© 2017 Egyptian Streets. All Rights Reserved.