The Euro-Mediterranean initiative for financing small and medium-sized enterprises is offering loans, grants, and technical assistance worth USD  23 bn to Egypt’s private sector, Invest-Gate reports.

Speaking during the opening ceremony of the Euro-Mediterranean Conference for Grants, Loans and Finance, Minister of Trade and Industry Tareq Qabil says that attracting Euro- Mediterranean investment partners is coping with Egypt’s current economic reform programme that supports free trade agreements.

“The Ministry works on boosting the Egyptian market through signing a number of free trade agreements that can help expand the number of foreign consumers to 1.6 billion, and in the future to 2 billion after signing more deals with European companies,” Qabil says.