The signing took place in a ceremony organised by Egypt’s Ministry of International Cooperation and the EU in Egypt, marking Europe Day.

The year 2022 marks 45 years of EU-Egypt bilateral relations and 50 years of regional collaboration.

The agreements are in line with a new cooperation programme (2021-2027) between the two sides to support Egyptian development efforts in a number of vital sectors, chiefly green transformation and renewable energy, said Minister of International Cooperation Rania Al-Mashat.

Al-Mashat added that the EU has extended €650 million to Egypt since 2008 to finance projects in infrastructure and other areas.

She also noted that cooperation with the EU has helped Egypt secure over €7 billion in concessional finances over the same course from European financial institutions.