$ 62.5 deals between Egypt, int’l partners to promote SDGs

25 / 08 / 2020

By Marwa Nassar - -

Egypt is engaged with international partners to implement three deals at $ 92.5 million serving the Sustainable Development Goals (SDGs).

Egyptian International Cooperation Minister Rania el Mashaat said Egypt has signed an agreement with the French Development Agency (FDA), the European Bank for Reconstruction and Development (EBRD) and the European Investment Bank (EIB) to finance a project for upgrading 44km of the first line of the Cairo metro’s Marg-Helwan station to be linked to the second and third lines.

Mashaat said this agreement will contribute to accomplishing four goals of the Sustainable Development Goals; Goal 8 on decent work and economic growth, Goal 9 on industry, innovation, and infrastructure, Goal 11 on sustainable cities and communities, Goal 17 on partnerships for the goals.

Egypt has also signed a deal with the FDA under which the latter will contribute 50 million euros for renovating the first metro line.

Egypt has also signed an agreement with the US under which $ 30 million for the Egyptian American Higher Education Initiative to have an educated workforce capable of catering for the needs of the labor market in addition to reinforcing the institutional capacity of higher education institutions.

Mashaat has inked six grant deals with the USAID at $ 90 million to accomplish several development projects in the fields of education, scientific research and technology, health, agriculture, trade and investment.