Egypt and Germany
signed on Thursday a deal for the KfW Development Bank and the German Agency for International Cooperation or (GIZ) to open two office in Cairo.
The GIZ and KfW
offices will support carrying out Egyptian-German projects.
While inking the
deal, Egyptian Minister of Investment and International Cooperation Sahar Nasr
said Egypt is starting a new
stage of strategic cooperation and development programs with Germany.
Germany has allocated funds for
supporting the Egyptian economic reform program, she said.
Germany was keen on supporting small
and medium sized enterprises within the framework of a comprehensive mechanism
for backing the Egyptian economy, she said.
She added that
the ministry coordinates with all the ministries concerned to promote major
Meanwhile, German Ambassador to Egypt Julius Georg
his country's interest in supporting Egypt and boosting development
cooperation between the two countries.
President Abdel Fattah El-Sisi's assertions that the coming four years will
focus on education and development.
He voiced hope that cooperation between Egypt and Germany would be given a fillip.
The diplomat lauded the improvement in the Egyptian economy, considering this as the fruits of the drastic measures adopted by El-Sisi to push the wheel of Egyptian economy.
He added that
this will positively affect bilateral cooperation.