The grants aim to improve Egyptians’ standard of living, as well as promote development in many vital sectors, said Christian Berger, ambassador of the European Union in Egypt
The Joint National Task Force on Technology and Innovation Initiative aims to encourage partnership with the Egyptian government and the private sector to strengthen technology and innovation hub
Funding was led by the European Bank for Reconstruction and Development's (EBRD), which financed a total of $527 million to Egypt’s private sector in 2021
The financing included over $8.75 billion in financing for sovereign projects and $1.57 billion in support of the private sector
The Ministry also organized, with the Chinese Ministry of Commerce, nearly 55 virtual training programs to build capacities in various fields
