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Germany grants Egypt EGP 36m to support agricultural sector

Germany grants Egypt EGP 36m to support agricultural sector
The investment minister and German ambassador signed the deal

Cairo – Mubasher: Egypt and Germany inked a grant agreement worth EGP 36 million in the framework of an agricultural quality control project.

The project will help improve the regulatory system of quality control for agricultural products, with the aim to establish a platform for experts, dedicated for agricultural quality control in terms of grown food.

The agreement was signed by Egypt’s investment and international cooperation minister Sahar Nasr and German ambassador to Cairo Cyril Jean Nunn.

Nasr called on German companies to make more investments in Egypt.

Over the past four years, German investments in Egypt rose to $7.4 billion, across 1,215 companies of petroleum and chemicals, car manufacturing, telecommunications, steel, gas, and auto component building sectors, Nasr previously said.