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Tuesday, 26 March 2019

Egypt signs €135m agreements with EU on employment and curbing irregular migration

Minister of Investment Sahar Nasr said the financing would contribute to the achievement of the priorities of the Egyptian people

Ahram Online, Thursday 18 Oct 2018
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A file photo of minister Sahar Nasr (Photo:Al-Ahram Arabic website)
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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.

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