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EU to grant Egypt 180 million pounds to finance 5 development projects

The EU has approved granting Egypt 180 million pounds to finance 5 development projects to be implemented by Alexandria Chamber of Commerce, EuroChambres, German-Arab Chamber of Industry and Commerce in cooperation with Italy, Spain, France, Greece and Portugal.

Ahmed El Wakil, Chairman of the Federation of Chambers of Commerce and Alexandria Chamber of Commerce has announced that the EU has approved financing 5 development projects in Alexandria amounting to 180 million pounds, to be implemented by Alexandria Chamber of Commerce, EuroChambers, German-Arab Chamber of Industry and Commerce in cooperation with the chambers and specialized institutions in Italy, Spain, France, Greece and Portugal in the Tourism, Food production, Solar Energy and Waste Treatment sectors.


Dr. Osama El Fouly, Governor of Alexandria added that these projects are financed through Cross border cooperation in the Meditteranean which is part of the the new European Neighbourhood Policy.

The first project will focus on developing heritage tourism, as well as developing cooperation in the tourism sector.


The second project is developing solar energy technologies and implementing pilot projects.
Third project is to help in developing traditional food production and developing its exports.
The fourth project is the development of community participation in solid waste management though schools and universities and implementing pilot projects with new technologies.
Fifth project is to develop supply chain in the dairy sector and its products and develop the export of traditional industries.


Dr. Alaa Ezz, Secretary General of Federation of Egyptian Industries and Confederation of Egyptian European Business Associations pointed out that the ENPI CBC program have received more than 300 preliminary studies for projects in 14 Mediterranean countries, where 50 projects have been selected to submit detailed studies. After the assessment, only 19 projects from 14 counties have been chosen, including 5 projects in Alexandria.

11.7.2012
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    1
    German-Arab Chamber of Industry and Commerce
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    2
    British Egyptian Business Association
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    3
    French Chamber of Commerce in Egypt
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    4
    Delegation of the European Union to Egypt
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    5
    Italian Chamber of Commerce in Egypt
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