Egypt, Italy ink two agreements to support SMEs, domestic leather industry

Egypt, Italy ink two agreements to support SMEs, domestic leather industry

Minister of International Cooperation Rania Al-Mashat and Italy's ambassador to Egypt Giampaolo Cantini inked on Monday two agreements that aim to support the Robbiki Leather City project technically, and boost small and medium-sized enterprises (SMEs); which comes within the framework of bilateral cooperation agreements between the Egyptian and Italian governments.

The first agreement is a grant of about €6 million (about $7.5 million) to finance technical assistance to complete the implementation of Robbiki Leather City, which aims to establish a city specialized in the production and tanning of leather in Badr City, encouraging and supporting the competitiveness of Egyptian leather production locally and abroad, and eliminating environmental pollutants resulting from chemicals used in tanning operations, according to Al-Mashat.

The minister added that the second agreement is to amend