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Egypt, EU sign US$40m grant deal to boost food security

by WAYA Staff - Apr 2, 2023
<strong>Egypt, EU </strong><strong>sign</strong><strong> </strong><strong>US$</strong><strong>40m</strong><strong> </strong><strong>grant deal to boost food security</strong>

Egypt and the European Union have signed a grant agreement of $40-million to support food security efforts in Egypt.

Under the the Italian Agency for Development Cooperation (AICS)-implemented deal, the AICS will co-work with the ministry of agriculture  to support the production of wheat and grains with 25 million euros. 

An amount of 15 million euros will be also allocated by the Italian agency to complete the data control system of wheat in Egypt.

Minister of international cooperation Rania AlMashat said the deal is part of Egypt cooperation with bilateral and multilateral international partners to face food security challenges.

The ongoing Russian-Ukrainian conflict has an a clear impact of food security globally, including Egypt.

Minister of Agriculture explained that Italian side is currently implementing a number of projects in the agricultural sector, especially in the field of rural development, digital transformation and agricultural mechanization.

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