Cairo – Mubasher: The Egyptian Ministry of Education signed an agreement with Germany's KfW Development Bank to develop and rehabilitate a number of applied technology schools and vocational education schools with EUR 41.5 million.

The agreement includes the establishment of two centres of competencies specialised in renewable energy and energy efficiency at applied technology schools in Hurghada and Aswan and the upgrade of a number of centres of competencies at vocational education schools in Greater Cairo, Alexandria, and Gharbiya, according to a statement on Monday.

The funding is divided into a soft loan worth EUR 20 million and a grant valued at EUR 18 million, provided by Germany, while Egypt will make an in-kind contribution worth EUR 3.5 million.