EU extends EUR 42 mn in funds to fund the development of 17 projects in Alexandria

The European Union will be extending as much as EUR 42 mn to finance the development of 17 projects in Alexandria, under a EuroMed partnership agreement with the Alexandria Chamber of Commerce, Secretary General of the Egyptian-European Chamber, Alaa Ezz, told Al Mal. The funding for projects in sectors including food processing, tourism, and agriculture will be paid out over the course of three years, according to Ezz.