Egypt's PM witnesses signing cooperation deals with France

MENA , Sunday 13 Jun 2021

The deals are expected to provide a financing package worth 1.7 billion Euros

Egypt
(L to R) Chief executive officer of the Agence Française de Développement (AFD) Remy Rioux, France's Economy and Finance Minister Bruno Le Maire, Egypt's Prime Minister Mostafa Madbouli, Egyptian Minister of International Cooperation Rania al-Mashat, and Egyptian Finance Minister Mohamed Maait pose for a group picture during a meeting at the prime minister's office in Egypt's capital Cairo on June 13, 2021. AFP

Prime Minister Mostafa Madbouly witnessed on Sunday the signing of several cooperation deals between Egypt and France in various fields.

This came after Madbouly’s meeting with French Finance Minister Bruno Le Maire, where Finance Minister Mohamed Maait, Transport Minister Kamel El-Wazir, and International Cooperation Minister Rania Al-Mashat, along with other diplomats and officials, were present.

The deals were signed by Al-Mashat, and Le Maire from the Egyptian and French sides respectively.

The deals are expected to provide a financing package worth 1.7 billion Euros, 776 million Euros from the French government and 990 million Euros from the French Development Agency, to fund projects in the fields of transport, housing, electricity, education, and wholesale markets.

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