Delegation of French firms visits Egypt to explore cooperation

CAIRO – 7 June 2021: Business France is organizing a series of meetings between French companies and Egyptian counterparts as well as international financial organizations in Egypt on June 7-9.

The last meetings of that kind took place in February, and cooperation occurs mostly in the sectors of energy, transportation, water treatment, waste recycling, and digital services.

Prior to the current visit, Business France prepared a number of projects that can make a good ground for cooperation.

The event will witness the participation of the World Bank; the International Financing Corporation (IFC); the African Development Bank (AfDB); the European Bank for Reconstruction and Development (EBRD); the European Investment Bank; and, the French Development Agency (AFD).

It is noted that 30 percent of financing packages offered by the AFD to Egypt are in the energy sector making the North African state the top partner to the French agency in that sector. Egypt is also the top partner to the AFD in the sectors of water and water treatment in collaboration with the European Investment Bank and the European Union. That is in addition to the sectors of healthcare and social protection.