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.