Middle East news

French Development Agency keen on backing new development projects in Egypt

CAIRO, Jan 20 (MENA) – Philippe Bauduin, the Deputy Chief Executive Officer of the French Development Agency, stressed France's full support to Egypt in funding development projects.
The agency is keen on supporting the economic development program in Egypt in the coming stage, he said during a meeting with Egyptian Investment Minister Sahar Nasr during her visit to Paris.
Bauduin said the agency pumped about two billion euros into projects in Egypt, topped by stage II and III of the third Cairo Metro Line.
The two sides discussed future development plans between Egypt and France.
Nasr agreed with the French Development Agency on engaging in a new strategic partnership in view of the Egyptian people's needs and the priorities of the government program.
Nasr stressed her country's keenness on furthering cooperation with France.



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