FINANCIAL NEWS

Egypt signs 6 deals with EU at 130m euro

12 Oct 2016

(MENAFN) Minister of Intl’ Co-op signed an agreement with EU at a value of 130mn euro, which include the construction of a wind power plant in the Suez Canal area.

Moreover, another project will see the building of an agricultural sewage facility in Upper Egypt at a cost of 8mn euro.

In addition, humanitarian development is also included in the deal with the allocation of 26mn euro towards projects to develop lower income areas.

The EU is working on enhancing new incentives that will focus on helping developing countries, such as Egypt, by making more jobs.

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