News and more

Keep Updated On The Progress

  • Thursday, 21 July 2022

The European Union Partners with Egypt to Provide 117.9 Million Euros of Development Finance to Drive Egypt’s Water and Energy Efficiency Forward: Minister Rania A. Al-Mashat

Coordinated responses through international cooperation can tackle the synergies between water and energy, which is why building partnerships can promote nexus solutions that reap the benefits of cooperation in the water and energy sector.

In line with this, the Ministry of International Cooperation announces that the European Union has provided 117.9 million euros of development financing to support the budget of the water and energy sectors, supporting the ministries of housing and utilities, water resources and irrigation, finance, petroleum, mineral wealth, electricity and renewable energy.

The Minister of International Cooperation, H.E. Rania A. Al-Mashat, noted that the financing falls in line with Egypt’s vision to strengthen international partnerships and spur sustainable economic growth through development financing. 

The Minister added that international partnerships have achieved mutual benefits for Egypt and the international community, as it has led to the successful implementation of many projects in the water sector, with examples that include the Bahr Al-Baqar wastewater treatment plant, the Mahsama wastewater treatment plant, and Gabal Al-Asfar wastewater treatment plant.

Egypt enjoys a strong partnership with the European Union, with the current cooperation portfolio between Egypt and the European Union amounting to around 1.35 billion euros in the to support several sectors, including transport, water, agriculture, small and medium enterprises, sustainable energy, environment, social protection, governance, capacity building and civil society.