The European Union is planning to provide EUR 110 mn to finance projects in Egypt next year, the Investment Ministry said in a statement. The projects will span water, renewable energy, trade and local development, the ministry said following a meeting between a number of Egyptian ministers and EU officials. The funding comes as part of the EUR 500 mn 2017-2020 Single Support Framework. The French Development Agency (FDA) will also provide an additional EUR 100 mn to finance the upgrading of the Al Raml tramline in Alexandria, the ministry said in a separate statement.

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