The agreements include €171.5 million in soft loans, debt-swap arrangements, and grants to support projects in renewable energy under the NWFE program, solid waste management, and investment climate enhancement.
The update was shared by Egypt’s Minister of Planning, Economic Development, and International Cooperation, Rania Al-Mashat in an interview with Asharq Bloomberg.
The funds will contribute to improving sustainable and renewable energy supply in Egypt.
This came during a meeting with Minister of Investment and Foreign Trade, Hassan El-Khatib, with representatives from SMS Group, during his current visit to Germany.
The project, spanning 100,000 square meters, would produce fire-resistant industrial fibers, crucial for industries such as automotive and aviation. The company will send a delegation to Egypt to advance the project.
