Germany To Offer €354 Mln Aid To Egypt

The Egyptian Minister of Planning and International Cooperation Dr. Ashraf Al Araby has met with the German Minister for Economic Cooperation and Development Dirk Niebel on Wednesday to discuss the possible methods of developmental cooperation between Egypt and Germany, reach an agreement concerning the technical and financial cooperation program for 2013 and foster the mutual relations between both countries politically and economically.

Al Araby stated that he discussed with Niebel the current economic and political situation in Egypt. Despite the political turmoil and deteriorated economic situation, Niebel affirmed that Germany considers Egypt a strategic partner for its key role in the region.

Germany allocated €354 million in aid to Egypt as financial and technical support, which is the largest value allocated by Germany for economical development in Egypt. These funds will be directed to the top prior services such as drinking water, drainage, irrigation, electricity, power, solid waste management, education, training, employment and sustainable development sectors.