Investment min., EU official ink 3 deals, one memo
Investment min., EU official ink 3 deals, one memo on cooperation
Cairo - MENA
Investment Minister Sahar Nassr and Commissioner for European Neighborhood Policy and Enlargement Negotiations Johannes Hahn signed on Sunday two agreements in the drainage and immigration fields, in addition to a pro-Egyptian single support framework memorandum of understanding.
Nassr, Hahn and Transportation Minister Hisham Arafat also inked an agreement to develop Alexandria tram at a cost of 600 million euros including grants.
The MoU involves supporting the economic program, energy and environment sustainability, social development and protection, supporting governance reform within the 2017-2020 European neighborhood policy, with a cost amounting to 432-528 million euros.
Nassr said the EU is a significant strategic and developmental partner to Egypt.
Meanwhile, Hahn said the EU is Egypt's most important partner and largest foreign investor.
Alexandria Governor Mohamed Sultan attended the signing ceremony.
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