Egypt, Germany clinch $2.2 mln grant deal in agricultural production

Egypt and Germany signed on Monday an 36 million Egyptian pounds ($2.2 million) grant agreement on quality assurance in agricultural production.

The deal was signed by Egypt’s Minister of Investment Sahar Nasr and the German Ambassador in Cairo Cyrill Nunn, in the presence of Mona Mehrez, deputy minister of Agriculture on Livestock, Fish and Poultry.

The project aims at improving regulatory systems related to quality assurance of agricultural products.

The project also aims at establishing a platform for dialogue between experts on quality assurance in agricultural production as part of the bilateral cooperation between the Egyptian Ministry of Agriculture and the German Ministry of Food and Agriculture.

Egyptian deputy minister of Agriculture Mona Mehrez stated that around 25 million Egyptians working in the agriculture sector will benefit from thie deal.

Minister Sahar Nasr highlighted the rise in German investments in Egypt during the past four years which reached $ 7.4 billion, in the fields of oil, chemicals, telecommunications, iron and steel, gas and auto components

German Ambassador Cyrill Nunn asserted that the investment climate in Egypt will encourage German companies to increase their contribution in Egypt.

Source: Ahram Online