The European Union (EU) is providing Egypt with a EUR 117.9 million grant to support the budget of the water and energy sectors, the Ministry of International Cooperation announced in a statement. The Minister of International Cooperation Rania Al-Mashat, noted that the development financing grant falls in line with Egypt’s vision to strengthen international partnerships and spur sustainable economic growth through development financing. The Minister added that international partnerships have achieved mutual benefits for Egypt and the international community, as it has led to the successful implementation of many projects in the water sector, with examples that include the Bahr Al-Baqar wastewater treatment plant, the Mahsama wastewater treatment plant, and Gabal Al-Asfar wastewater treatment plant. However, with an increasing population of over 102 million, there are high risks of drought and water security. According to a 2021 UNICEF report, Egypt’s annual water deficit reached approximately seven billion cubic meters over the past few years, and by 2025, the country may potentially “run out of water” entirely. On the occasion of EU Commission President Ursula von der Leyen’s visit to Cairo in June, the EU and Egypt released a joint statement…
Egypt Receives €117.9 Million from EU to Support Water, Energy Security
July 22, 2022
