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EU extends EUR 117.9 m to support Egypt’s water, energy sectors
The European Union (EU) has provided 117.9 million euros of development financing to support Egypt’s water and energy sectors as well as the ministries of housing and utilities, water resources and irrigation, finance, petroleum, mineral wealth, electricity and renewable energy, according to the Ministry of International Cooperation.
Minister of International Cooperation Rania Mashat noted that the financing 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.
Egypt enjoys a strong partnership with the European Union, with the current cooperation portfolio between Egypt and the European Union amounting to around 1.35 billion euros in the to support several sectors, including transport, water, agriculture, small and medium enterprises, sustainable energy, environment, social protection, governance, capacity building and civil society.
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