Arab Finance: Egypt has signed the executive agreement of the European Union (EU) program to support trade, industry, growth, and rapid market access (EU TIGARA) worth €8 million, as per a statement by the Ministry of Planning, Economic Development, and International Cooperation.

Funded by the EU, the program is set to be implemented by the United Nations Industrial Development Organization (UNIDO), in cooperation with the Egyptian Ministry of Industry and Investment Foreign Trade over 60 months.

The program aims to contribute to promoting the Egyptian private sector’s competitiveness and efficiency and boosting the sustainable economic growth and creating job opportunities.

It is worth noting that the EU current investment portfolio in Egypt amounts to around €1.3 billion, while the UNIDO investment portfolio in the country is valued at $52 million across 18 projects.

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