Germany offers USD500mn to help Egyptian economy
05 Mar 2017
(MENAFN) Germany has offered Egypt USD500mn in order to support its economic program and its small and medium-sized businesses.
Accordingly, it was confirmed with the German side that they would offer USD250mn to help the program, as well as USD250mn to support many other sectors.
Meanwhile, the meeting of the Egyptian-German Business Forum, “Germany’s step gives a push to Egypt’s micro, small and medium-sized enterprises.”
Moreover, the German businessmen are determined to enhance the investment climate in Egypt and overcome the challenges that foreign investors face.