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Thursday, 19 December 2019

Cabinet signs off on four agreements between Egypt and Germany worth EUR 145.9 mn

CABINET WATCH- The Madbouly Cabinet signed off yesterday on four agreements with Germany that Egypt had signed last month worth a combined EUR 145.9 mn, according to an official statement. The agreements include a EUR 23.4 mn funding and technical assistance package for German development agency GIZ to implement education and employment projects; several funding packages to support Egypt’s renewable energy projects; and a EUR 12.5 mn agreement for vocational training in Egypt. The ministers also approved two oil and gas exploration and production agreements with unnamed foreign companies in the Mediterranean and West Delta.

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