Mashat Lauds House's Approval of 2 Agreements With EBRD, German Gov'tSource: www.export-egypt.com 5/24/2022, Location: Africa |
|
|
|
|
|
International Cooperation Minister Rania Al-Mashat hailed the House of Representatives' approval of two agreements with the European Bank for Reconstruction and Development and the German Federal Government.
Commenting on the two deals, Mashat said the financing agreement with EBRD aims to upgrade a rail line connecting downtown Alexandria and the north-eastern district of Abu Qir. She also said that improving the metro service will include infrastructure development works and electricity, communication, signal, and operation system upgrades. She lauded the bank's giant investments in Egypt, which reached about €8.6 billion in 145 projects since 2012, 76% of them are directed to the private sector. According to the minister the agreement with Germany pertains to the second phase of renovation work at hydropower plants in Egypt. She pointed out that the volume of the development cooperation portfolio with Germany amounted to €1.7 billion in several sectors, including renewable energy, sanitation, irrigation, solid waste management, migration, labor market, supporting the private sector, technical education, vocational training, urban development, administrative reform, women, and youth. |
|
|
Financials and Investment News in Egypt >> |
 |
|||||
|
Egypt >> 11/21/2024 - An International Monetary Fund (IMF) mission led by Ivanna Vladkova Hollar wrapped up in-person discussions with Egyptian authorities in Cairo regardi...
|
Egypt >> 11/21/2024 - The Engineering Export Council of Egypt (EEC) revealed that engineering industry exports increased by 25.6 percent from January to September, reaching...
|
|
Egypt >> 11/20/2024 - Prime Minister Dr. Mostafa Madbouly held a meeting this morning at the government headquarters in the New Administrative Capital with Mr. Chang Won Sa...
|
Egypt >> 11/20/2024 - Egyptian Prime Minister Moustafa Madbouly, with Mahmoud Esmat, Minister of Electricity and Renewable Energy Minister, and Sultan Al Jaber, UAE Ministe...
|
|
Egypt >> 11/20/2024 - Egypt and Australia have seen a significant surge in their bilateral trade relationship, with the trade volume increasing from $270 million in 2015 to...
|
Egypt >> 11/20/2024 - Egyptian Prime Minister Moustafa Madbouli chaired the Cabinet’s weekly meeting in the New Administrative Capital.
The Cabinet is set to add... |
| Egypt Oil & Gas 1 >> 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 | 51 | 52 | 53 | 54 | 55 | 56 | 57 | 58 | 59 | 60 | 61 | 62 | 63 | 64 | 65 | 66 | 67 | 68 | 69 | 70 | 71 | 72 | 73 | 74 | 75 | 76 | 77 | 78 | 79 | 80 | 81 | 82 | 83 | 84 | 85 | 86 | 87 | 88 | 89 | 90 | |
