Egypt Signs A €30 Million Agreement to Develop Nine Slums In Cairo!
By Nada Hamouda
On Wednesday, Egypt signed an agreement with a total value of 30 million euros aimed at improving the country’s infrastructure in nine slum areas around Cairo. The loan is granted by the German Federal Ministry for Economic Cooperation and Development in cooperation with the European Union.
The four-year- program includes the construction of about 30 other projects that vary from transportation network and public utilities to upgrade the targeted areas. Moreover, it will help the social and economic status of the residents of these areas by creating new jobs.
The signing ceremony, held on Wednesday, was attended by the Minister of Housing, Utilities and Urban Communities, Mostafa Madbouly, and the Head of the European Union in Egypt, Ivan Surkos.
