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United Arab Emirates EU and Egypt to step up cooperation on socio-economic development
October 11, 2016
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EU Commissioner for European Neighbourhood Policy and Enlargement Negotiations, Johannes Hahn, and Dr. Sahar Nasr, Egyptian Minister for International Cooperation, today signed a EUR 129 million package of financial assistance in support of Egypt’s socio-economic development.
“This package of financial assistance clearly underscores the European Union’s strong support to the Egyptian people. It will boost socio-economic development and improve the living conditions of Egyptian citizens. In addition it foresees measures in favour of strengthening the role of the civil society,” said Commissioner Hahn at the signing ceremony in Cairo.
The package is comprised of six financing agreements with a combined value of EUR 129 million. The agreements focus on improving the quality of life of Egyptian citizens by promoting inclusive economic growth, improving the living conditions in informal areas of Cairo, contributing to the provision of citizen rights, including gender equality, and supporting priority projects in the field of renewable energy and agricultural drainage. Additionally it includes support at institutional level to on-going reforms in the energy and water sectors.
This support is in line with priorities that the EU and Egypt are setting for their partnership in the coming years. (EU Neighbourhood Info)
Read more
EU Neighbourhood Info Centre webpage – Egypt
EU Delegation to Egypt – website and Facebook page
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Egypt
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