Italy and Egypt sign 10 million euro agricultural agreement

Programme to finance support services for mechanized farming

16 March, 16:44

    (ANSAmed) - ROME, MARCH 16 - Italy and Egypt signed a bilateral agreement to finance a 10 million euro program that will provide services to support the mechanization of agriculture in Egypt, the Italian embassy in Cairo said Monday.

    The agreement was signed by the Italian ambassador Maurizio Massari and the Egyptian International Cooperation Minister Naglaa El-Ahwany on the margins of the Conference for Economic Development in Sharm El Sheikh. The signatures dried at an event aimed at launching a new 22 million euro initiative in the agriculture and rural development sector that is financed by the European Union.

    Italy will be co-financing the bilateral programme in parallel with the European initiative - with the involvement of the Minia and Fayoum governorates - to support agricultural mechanization services that will be carried out by the Directorate General for Development Cooperation and International Cooperation in the Italian Ministry of Foreign Affairs. Massari underlined how the field of agriculture and rural development represents "certainly one of the priority sectors for our involvement, where Italy's skill and experience can be usefully put at the service of Egypt". Massari also recalled the long and fruitful history of collaboration and cooperation between Italy and Egypt. It was "thanks to this recognized experience and skill that Italy was chosen to carry out activities of the new major European programme involving the Minia, Fayoum and Matrouh Governates, with actions focused on the sustainable management of natural resources - especially water - as well as the optimization of agricultural practices and the general improvement of living conditions in rural areas," Massari concluded.(ANSA).

    © Copyright ANSA - All rights reserved

    Business opportunities

    The information system of business
    opportunities abroad

    News from Mediterranean