Egypt receives €18m grant from EU to finance 6 projects

Egypt received grants worth €18 million for six development projects as part of the first phase of the European Union (EU) Cross Border Cooperation (CBC) program, Minister of Investment and International Cooperation Sahar Nasr announced.

The minister’s remarks came at the conclusion of the Joint Monitoring Committee Meetings of the CBC Mediterranean Sea Basin Program, hosted by Egypt for the first time.

The six projects are to be implemented by Egypt’s chambers of commerce, the Academy of Scientific Research and Technology, the Arab Academy, the Japanese University and partners from Italy, Spain, France, Greece, Cyprus, Lebanon, Jordan and Tunisia, she noted.

Nasr added that the projects help develop regional cooperation in the fields of textile industries, tourism, small and medium enterprises, environment as well as new and renewable energy, among others.