Cairo:The United States has announced a significant funding initiative of $125 million in Egypt, marking the first bilateral strategic objective agreement between the two nations. The announcement was made by the US charge d'affaires, Robert Silverman, and Egypt's Foreign Minister, Badr Abdelatty, in the New Administrative Capital.
According to Africa News Agency, the agreement, titled 'Advancing Mutual Prosperity,' is designed to create new opportunities for American companies in Egypt and bolster the private sector. The funding will be directed towards key areas such as agriculture, food security, education, health, water security, and workforce development.
This strategic partnership aims to enhance economic cooperation between the United States and Egypt, focusing on mutual growth and prosperity. The initiative is expected to pave the way for increased American business involvement in the Egyptian market.