Egypt, Germany sign €300B agreements in Berlin

CAIRO – 20 November 2019: Egypt and Germany signed €300 billion agreements on the sidelines of the G20-Initiative Compact with Africa (CwA) in Berlin on Tuesday.

Minister of Investment Sahr Nasr and her German counterpart Gerd Müller signed the agreements, according to a presidential statement.



Minister of Investment Sahr Nasr and her German counterpart Gerd Müller singeing a €300 billion agreements in Berlin, 19 November 2019 - Press Photo

The signed agreements included two financial and technical cooperation agreements worth €44.9 million for FY2017, aiming to finance several projects in the fields of energy, rehabilitation of schools, education, employment promotion, small and medium enterprises, urban infrastructure and promotion of labor market access.

Additionally, two financial and technical cooperation agreements worth €101 million for FY2018 were signed to support projects in the fields of energy, SMEs, private sector innovation, drinking water and sanitation management, solid waste management, social development and employment.




A €151.5 million protocol for FY2019 was signed between Egypt and Germany to finance several projects in the fields of electricity, renewable energy, technical education and employment, innovation in the private sector and small and medium enterprises.

Moreover, Nasr and Christine Bock, regional commissioner for the Middle East and Maghreb countries at the German Foreign Office, signed €2 million grant for the Ministry of State for Migration and Egyptian Affairs Abroad.

President Sisi arrived in Germany on Sunday to attend the G20-Initiative Compact with Africa (CwA) held on Tuesday. On the sidelines, he met with a number of German officials and delegations.