Egypt, AFD Sign 4 Deals Worth EUR 259 mn

Tuesday, 28th March 2017

Egypt and the French Development Agency (AFD) signed four agreements worth EUR 259 to bolster cooperation in the fields of energy, sanitation and health, Invest-Gate reports.

The agreements aim to fund the government’s EUR-175-mn energy program. They include a EUR-3-mn grant to finance the technical support program undertaken by the Egyptian Ministry of Electricity and Renewable Energy, and another EUR-50-mn grant to fund the sewage treatment project in Alexandria. Two other EUR-31-mn agreements were signed to fund the primary health care support project.

The AFD’s investments in Egypt total EUR 941.4 mn as it funds a host of key projects in the country.

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