The European Union provided this fund to Egypt as part of a financing package worth €7.4 billion.
The meeting focused on the European Fund for Sustainable Development, which aims to support private sector financing and investments in neighboring countries, particularly Egypt.
Egypt and South Korea have a strong and enduring bilateral relationship.
Moreover, the IFC provided Egypt with advisory services worth $34 million, making Egypt one of the top countries where the IFC operates.
This program, aimed at fostering entrepreneurship and supporting startups in Upper Egypt, has now successfully brought a total of 116 companies across its six cycles.
