Cairo — Mubasher: Egypt’s President Abdel Fattah El-Sisi and his French counterpart Emmanuel Macron on Monday witnessed the signing of a raft of cooperation agreements and memorandums of understanding (MoUs) between the two countries.
Egyptian investment and international cooperation minister Sahar Nasr and Remy Rioux, the French Development Agency's (AFD) chief executive officer, inked a MoU for striking a strategic partnership for social and economic development between Egypt and the AFD in 2019-2023.
This deal entails boosting cooperation between France and Egypt according to the North African nation’s 2030 Vision, local portal eXtranews reported.
Nasr and Rioux also signed a EUR 60 million credit facility for the Egyptian finance ministry, along with a EUR 50 million financing for Egypt’s Mirco, Small, and Medium Enterprises Development Agency (MSMEs) to support women’s SMEs.
In the same vein, Egyptian transport minister Sherif Raafat and Eric Bobby, the head of Finance Afrique, penned a EUR 336 million deal for the fourth stage of Cairo Metro’s third line, including a EUR 286 million grant and a EUR 50 million loan.
Rasha Raghab, head of National Academy for Youth Training and Rehabilitation, and the director of the French National School of Administration (ENA) Patrick Geria signed a MoU for youth training.
Moreover, Egyptian health minister Hala Zayed and French Foreign Minister Jean-Yves Le Drian signed a letter of intent (LoI) for setting up blood derivatives project in collaboration with the concerned French firms.
Egypt’s higher education minister Khaled Abdul Ghaffar and Le Drian inked a deal to re-establish the French University in Egypt.
The agreements also included a declaration signed by Egyptian foreign minister Sameh Shoukry and his French counterpart to prop up cultural and scientific cooperation between the two countries.
