France to provide Egypt with $2.2 billion in investments
France to provide Egypt with $2.2 billion in investments
CAIRO – French Finance Minister Bruno Le Maire on Sunday signed agreements with Egypt to invest €3.8 billion in the most populous Arab country's public transport and renewable energy sectors.
France will finance Egyptian projects with French companies to the tune of €1.8 billion ($2.18 billion).
The first tranche will be for transport giant Alstom to supply 55 underground trains for Cairo Metro's Line 1, for a total of €800 million financed by a loan from the French treasury.
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