Egypt recieves a new grant from European Union worth LE150 million ($23 million) to improve living conditions and developing slums.
Minister of Planning and International Cooperation Fazya Abul-Naga signed the agreement for the non-refundable grant on Sunday with Marcus Cornaro, Director of European Neighborhood Policy and EuropeAid Co-Operation Office of the European Commission.
This governmental plan to upgrade living levels for inhabitants in poor urban areas in Cairo and Giza will be implemented by German Agency for International Co-operation (GIZ) given its experiences in the development field.
On Thursday, Egyptian President Mohamed Morsi discussed with European Union foreign policy chief Catherine Ashton possible economic cooperation between Egypt and the EU during their meeting in the Presidential Palace in Cairo.
The two also discussed ways in which the EU could help Egypt in the coming phase, along with current events in Egypt and internationally.
Source: Ahram Online