Germany to allocate Є100m development cooperation to Egypt: Ambassador

Germany agreed to allocate a development cooperation package of Є100m to Egypt to establish projects in renewable energy, water and irrigation, besides the rehabilitation of a number of power plants in the High Dam area, according to German Ambassador in Cairo, Hansjörg Haber.

Last week, Haber told the Daily News Egypt that the new cooperation package between Egypt and Germany focuses on the establishment of a number of projects in the fields of renewable energy, represented in the establishment of wind farms alongside the Red Sea. In addition, a part of the development cooperation package will be allocated to rehabilitate a number of generators in the High Dam area.

“Cooperation between the two countries includes the establishment of the largest water barrier in the governorate of Assiut, as well as the contribution in creating job opportunities for youth and women in particular,” he added.

Haber also mentioned that his government is interested in the conference on the support and development of the Egyptian economy scheduled for March. He noted that German companies share the same interest, but they need additional information from the Egyptian government before taking any decision regarding participation.