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Bruno Le Maire was in Egypt on Sunday 13 June. The French economy minister signed a trade agreement on the Cairo metro and initiated new infrastructure and development projects. Benefits for Egypt, but also for France, the minister appreciated.
as reported from Cairo, Edward Dropsy
Bruno Le Maire came to Egypt for a budget of 3.8 billion euros for projects ranging from infrastructure to water purification and energy. Loans at favorable interest rates, which would make Egypt France’s first debtor
“We chose Egypt with the President of the Republic,” the minister confirmed. It is now more than a commercial partner, it is a real strategic partner. And in the economic field, this translates into the importance of what we have concluded today. Four billion euros in financial commitments are obviously significant. “
EUR 800 million for transport
On the transport side, EUR 800 million is already guaranteed between the two countries with the modernization of line 1 in Cairo. If the Minister praises the quality of the manufacturer Alstom for the Egyptians, he will not forget France. This represents 400 jobs secured on the Creusot website and the Valenciennes website. So this is again very good news for the French industry, which is driven by export agreements. ”
These trade agreements come after President Sissi’s visit to France in December and a few weeks later sale of 30 Rafales to Egypt.
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