Sign in Subscribe
Cabinet officials

Egypt and France Strengthen Strategic Partnership in Social and Economic Development

Strategic Insights

— 2 min read

Egypt's Minister of International Cooperation Rania Al-Mashat and the Ambassador of France to Egypt Stefan Romettier met to push forward the Strategic Partnership Agreement in Social and Economic Development, worth é¼1 billion. The meeting was attended by Fabio Grazi, Director of the Office of the French Development Agency (AFD), and Michel Olenberg, Director of Business France Agency. The agreement focuses on six priority sectors: transport, energy, agriculture, small and medium enterprises, health, and antiquities. It aims to achieve the 17 Sustainable Development Goals (SDGs) and emphasizes a human-centred economy, with projects prioritizing investment in people. The agreement includes several key projects, such as upgrading the Cairo Metro and promoting technical expertise in health and education.

Key Takeaways:

  • The Strategic Partnership Agreement in Social and Economic Development between Egypt and France is worth é¼1 billion, signed in 2019, and lasts until 2023.
  • The agreement focuses on six priority sectors: transport, energy, agriculture, small and medium enterprises, health, and antiquities.
  • The agreement reflects the current and future priorities of Egypt's development plan, focusing on the Sustainable Development Goals (SDGs).
  • The projects under the agreement prioritize investment in people, promoting a human-centred economy and social health insurance.
  • The agreement includes several key projects, such as upgrading the Cairo Metro, the Abu Qir Railway conversion into an electric metro, and the Mansoura Damietta Railway.
  • Egypt and France aim to promote technical expertise and exchange of experiences in health and education.
  • The agreement also includes a grant of é¼1.5 million to support the teaching of French as a foreign language in public schools.

Statistics:

  • The Strategic Partnership Agreement in Social and Economic Development is worth é¼1 billion.
  • The agreement lasts until 2023.
  • é¼50 million will be invested in upgrading the first line of the Cairo Metro.
  • é¼250 million will be invested in the Abu Qir Railway conversion into an electric metro.
  • é¼90 million will be invested in the Mansoura Damietta Railway.
  • é¼150 million will be invested in priority sectors in the field of energy.
  • é¼12 million will be invested in re-establishing the French National University in Egypt.
  • é¼150 million will be invested in a comprehensive health insurance program.
  • é¼1 million will be granted to support the Ministry of Health and Population in developing social health insurance.
  • é¼1.5 million will be granted to support the teaching of French as a foreign language in public schools.
  • é¼155 million will be invested in sanitation projects in Helwan, in cooperation with the European Investment Bank (EIB) and the European Union (EU).

Sources:

  • Universal Solutions S.A.E.
  • SyndiGate Media Inc. (Syndigate.info)

Read more