Egypt's Minister of Investment Sahar Nasr and director-general for the European Neighbourhood Policy and Enlargement Christian Danielsson signed on Thursday two comprehensive development agreements worth €135 million on job creation and curbing irregular migration.
Nasr said that the first agreement -- the financing agreement of the EU Comprehensive Development Programme for Job Creation, worth €75 million -- contributes towards achieving the priorities of the Egyptian people.
The second agreement, worth €60 million, is aimed at curbing irregular migration in Egypt and is funded by the European Emergency Fund for Africa, including contributions from Germany and the International Organisation for Planning, according to Nasr.
In related news, Egypt and the European Investment Bank (EIB) signed on Wednesday an agreement whereby the bank will contribute €214 million to finance the Kitchener Drain infrastructure, rehabilitation and de-pollution project.
The Kitchener Drain is the main agricultural drain passing through the governorates of Kafr El-Sheikh, Gharbeya and Daqahleya in Egypt's Nile Delta region.