Egypt – Egyptian President Abdel Fattah El-Sisi witnessed the signing ceremony of a memorandum of understanding between his nation and the European Union relating to “the primary tranche of the macroeconomic assist mechanism and funds deficit assist value one billion euros.”
As we speak, Saturday, the Egyptian President and the President of the European Fee, Ursula von der Leyen, opened the joint Egyptian-European funding convention in Cairo.
The necessary occasion will happen on June 29 and 30 underneath the title “Unleashing Egypt’s Potential in a Quickly Altering World.”
The convention will probably be attended by broad governmental representatives from the Egyptian authorities, the European Union, multilateral establishments and the personal sector from each side.
The convention will probably be attended by quite a lot of high-level authorities officers from Egypt and the European Union international locations, in addition to representatives of growth companions and multilaterals, along with a variety of heads and officers of probably the most outstanding Egyptian, European and worldwide firms and representatives of Egyptian and European enterprise organizations.
The convention goals to “improve financial cooperation between Egypt and the member states of the European Union by attracting numerous European investments to Egypt, particularly in precedence sectors akin to sustainable infrastructure and renewable vitality, meals safety, well being and training, sustainable transportation, and water and sanitation networks.”
This 12 months’s convention comes at a particular time for Egypt, because it comes “a couple of weeks after Egypt reached an settlement with the Worldwide Financial Fund relating to the implementation of a reform program complementary to the earlier program, and Egypt concluded the biggest deal in its historical past, the “Ras El Hekma Deal,” which is predicted to draw investments. For Egypt, greater than $150 billion through the lifetime of the mission.” In keeping with what Egyptian media reported.
Supply: Al-Youm Al-Sabea + Al-Ahram Gate
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2024-06-29 13:09:59