{"id":566324,"date":"2021-06-13T13:46:42","date_gmt":"2021-06-13T13:46:42","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/13\/how-france-wants-to-be-among-our-top-trading-partners\/"},"modified":"2021-06-13T13:46:42","modified_gmt":"2021-06-13T13:46:42","slug":"how-france-wants-to-be-among-our-top-trading-partners","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/13\/how-france-wants-to-be-among-our-top-trading-partners\/","title":{"rendered":"How France wants to be among our top trading partners"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>Egypt and France sign <\/strong><strong>near EUR 4 bn<\/strong><sup><\/sup><strong> in bilateral agreements and contracts:<\/strong> President Abdel Fattah El Sisi signed a little under EUR 4 bn worth of bilateral agreements this afternoon with French Finance Minister Bruno Le Maire. The agreements most notably cover transportation, but also in social security and development, Le Maire told Enterprise in a sit down this morning. These agreements represent a breakthrough in the economic relationship between our two countries, Le Maire says, adding that both sides have been working hard towards the agreements over the past six months.<\/p>\n<p><strong>Cairo Metro gets a chunk of funding: <\/strong>The French government will be providing Egypt with EUR 2 bn in credit facilities that will go towards developing the Cairo Metro Line 6, Le Maire says. He emphasized that France was willing to provide the facility under \u201cattractive terms\u201d to fund work on the metro line by French companies, in a bid to encourage active participation by French companies on the project. An agreement was signed with Transport Minister Kamel El Wazir that would see us develop a six month roadmap to disburse funding for the Cairo Metro Line 6 and upgrades to Cairo Metro Line 1, Le Maire added. <sup><\/sup><\/p>\n<p><strong>EUR 1 bn in infrastructure funding: <\/strong>The French Development Agency (AFD) will be providing Egypt with EUR 1 bn in loans that cover railway, energy, wastewater treatment, and food security<sup><\/sup>. These include funding to upgrade railway lines running from Aswan to the Delta. The funding will be provided over the course of four years from 2021 to 2025, Le Maire adds.<\/p>\n<p><strong>More still to come: <\/strong>\u201cPresident El Sisi and I had a very fruitful meeting back in 2019, where we agreed that our common goal was to diversify our economic relationship,\u201d said Le Maire. \u201cI see three things which might be of interest. The first is healthcare. The AFD will provide EUR 150 mn to support the rollout of Egypt\u2019s Universal Healthcare System. This is one of Egypt\u2019s most promising projects, and we want to be part of it,\u201d he added.<\/p>\n<p><strong>Renewables and urban development are also on the table:<\/strong> The area of future economic cooperation France is interested in exploring with us is renewable energy, Le Maire tells us. \u201cHere too, there are many prospects that could be developed.\u201d \u201cThe third is urban development and the development of new cities. President El Sisi has introduced key projects in that field, and we want to be part of this,\u201d he added.<\/p>\n<p><strong>France <\/strong><sup><\/sup><strong>already is big on renewables here and plans to do more:<\/strong> Renewables currently make up 10% of the EUR 5 bn French companies currently invest in Egypt, French Ambassador to Egypt St\u00e9phane Romatet told Enterprise<a href=\"https:\/\/enterprise.press\/greeneconomys\/enterprise-talks-french-ambassador-stephane-romatet-building-greener-egypt\/\">last week<\/a>. He hopes that figure to rise to 20% in five years driven by technology including green hydrogen. French and Egyptian specialists, including regulators and electricity ministry representatives, are cooperating on developing Egypt\u2019s national hydrogen strategy, he told us.<\/p>\n<p><strong>READ OUR FULL INTERVIEW WHEN IT COMES OUT THIS WEEK-<\/strong> In it, Le Maire tells us of his administration\u2019s ambitions to make France among Egypt\u2019s top three trading partners from a current eighth. He explains to us why France has been accelerating its economic cooperation with us over the past four years and where he wishes to see this cooperation go. We also talk about what the G7 tax agreement could mean for us. You don\u2019t want to miss it.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Egypt and France sign near EUR 4 bn in bilateral agreements and contracts: President Abdel Fattah El Sisi signed a little under EUR 4 bn worth of bilateral agreements this afternoon with French Finance Minister Bruno Le Maire. The agreements most notably cover transportation, but also in social security and development, Le Maire told Enterprise [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":566325,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[10094],"tags":[4009,168,633,491,4191,132],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-566324","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round-diplomacy-foreign-trade","tag-bruno-le-maire","tag-diplomacy","tag-enterprisepm","tag-france","tag-speed-round-diplomacy-foreign-trade","tag-trade","wpautop","entry"],"acf":{"mongo_id":"da434836-d753-4823-810c-605fb1278bfe","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/6\/466.jpg","photo_position":"above","related_issue":[566320],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>How France wants to be among our top trading partners - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/13\/how-france-wants-to-be-among-our-top-trading-partners\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How France wants to be among our top trading partners\" \/>\n<meta property=\"og:description\" content=\"Egypt and France sign near EUR 4 bn in bilateral agreements and contracts: President Abdel Fattah El Sisi signed a little under EUR 4 bn worth of bilateral agreements this afternoon with French Finance Minister Bruno Le Maire. The agreements most notably cover transportation, but also in social security and development, Le Maire told Enterprise [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/13\/how-france-wants-to-be-among-our-top-trading-partners\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-06-13T13:46:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2021\/6\/466.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/13\/how-france-wants-to-be-among-our-top-trading-partners\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/13\/how-france-wants-to-be-among-our-top-trading-partners\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"How France wants to be among our top trading partners\",\"datePublished\":\"2021-06-13T13:46:42+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/13\/how-france-wants-to-be-among-our-top-trading-partners\/\"},\"wordCount\":569,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/13\/how-france-wants-to-be-among-our-top-trading-partners\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/6\/466.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Bruno Le Maire\",\"DIPLOMACY\",\"EnterprisePM\",\"France\",\"SPEED ROUND: DIPLOMACY &amp; 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The International Cooperation Ministry had signed EUR 1.7 bn in financing agreements with French agencies and entities this week, according to a cabinet\u2026","rel":"","context":"In &quot;SPEED ROUND: DEVELOPMENT FINANCE&quot;","block_context":{"text":"SPEED ROUND: DEVELOPMENT FINANCE","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-development-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/6\/529.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":563012,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/15\/bruno-le-maire-wants-to-strengthen-frances-economic-ties-with-egypt\/","url_meta":{"origin":566324,"position":1},"title":"Bruno Le Maire wants to strengthen France\u2019s economic ties with Egypt","author":"enterpriseam admin","date":"15 June 2021","format":false,"excerpt":"EXCLUSIVE- France wants to be our third-largest source of FDI. Economic ties between France and Egypt have been growing since French President Emmanuel Macron took office in 2017. This was on display earlier this week when French Finance Minister Bruno Le Maire signed EUR 3.8 bn worth of bilateral agreements\u2026","rel":"","context":"In &quot;Coffee with\u2026&quot;","block_context":{"text":"Coffee with\u2026","link":"https:\/\/enterpriseam.com\/egypt\/coffee-with\/\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/6\/199.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":562991,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/14\/egypt-france-are-trade-bffs\/","url_meta":{"origin":566324,"position":2},"title":"Egypt + France are trade BFFs","author":"enterpriseam admin","date":"14 June 2021","format":false,"excerpt":"The foreign press is zoning in on French Finance Minister Bruno Le Maire\u2019s visit to Cairo, where he signed a number of contracts and agreements worth almost EUR 4 bn that will strengthen trade ties between the two countries. (Bloomberg | Reuters | The National)","rel":"","context":"In &quot;EGYPT IN THE NEWS&quot;","block_context":{"text":"EGYPT IN THE NEWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/egypt-in-the-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":562986,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/14\/more-details-on-the-egypt-france-financing-agreement\/","url_meta":{"origin":566324,"position":3},"title":"More details on the Egypt-France financing agreement","author":"enterpriseam admin","date":"14 June 2021","format":false,"excerpt":"More details of the EUR 3.8 bn in agreements and contracts signed with France yesterday, courtesy of the cabinet.Transport: Funding from the French government will go towards a raft of transport projects, including the supply of 55 new trains for Cairo Metro Line 1, the rehabilitation of the Mansoura-Damietta railway,\u2026","rel":"","context":"In &quot;Diplomacy&quot;","block_context":{"text":"Diplomacy","link":"https:\/\/enterpriseam.com\/egypt\/category\/regulation\/diplomacy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":600405,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/29\/egypt-france-sign-40-agreements-worth-eur-1-6-bn-as-macron-visit-winds-down-french-president-touches-on-human-rights-at-presser\/","url_meta":{"origin":566324,"position":4},"title":"Egypt, France sign 40 agreements worth EUR 1.6 bn as Macron visit winds down; French president touches on human rights at presser","author":"enterpriseam admin","date":"29 January 2019","format":false,"excerpt":"Egyptian and French officials signed 40 agreements worth EUR 1.6 bn during French President Emmanuel Macron\u2019s visit to Egypt, according to an Investment Ministry statement (pdf). The agreements spanned infrastructure projects for the new administrative capital, electric vehicle production, education, economic and social development, healthcare, culture, women empowerment, energy, ICT,\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/1\/64.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":624722,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/17\/egypt-eib-sign-two-agreements-worth-eur-32-mn\/","url_meta":{"origin":566324,"position":5},"title":"Egypt, EIB sign two agreements worth EUR 32 mn","author":"enterpriseam admin","date":"17 September 2018","format":false,"excerpt":"Egypt and the European Investment Bank (EIB) signed two agreements for grants worth EUR 32 mn (EGP 662 mn) to support sewage treatment projects in Kafr el Sheikh, according to an Investment Ministry statement. The agreements will allow EIB to help implement infrastructure projects throughout 79 villages. EIB had previously\u2026","rel":"","context":"In &quot;Diplomacy + Foreign Trade&quot;","block_context":{"text":"Diplomacy + Foreign Trade","link":"https:\/\/enterpriseam.com\/egypt\/category\/diplomacy-foreign-trade\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/566324","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=566324"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/566324\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/566320"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/566325"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=566324"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=566324"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=566324"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=566324"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=566324"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}