EU’s development cooperation portfolio with Egypt currently exceeds €1.3 bln: ambassador

The European Union’s ongoing development cooperation portfolio is exceeding €1.3 billion ($1.5 billion) in Egypt, head of the EU delegation to Egypt, Ambassador Ivan Surkos on Monday.

“We are Egypt’s largest trading partner and the number one foreign direct investor,” Ambassador Surkos said in a Tweet on the 66 anniversary of Egypt’s 23 July Revolution.

The European Union Delegation to Egypt, officially opened in 1978, deals with the broad political and economic agenda between the EU and Egypt, and in the context of the European Neighbourhood Policy plays a role in the implementation and monitoring of the EU-Egypt partnership priorities.

The delegation interacts with the government ministries but also with civil society and non-governmental organisations and reports to Brussels on developments in Egypt. An important focus is the management of the projects under the different development co-operation programmes concerning Egypt.