Egypt-France deal aims to develop entrepreneurship: Min.

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Wednesday - 25 October 2017

PARIS – 25 October 2017: Egypt and France signed Wednesday a joint cooperation deal to encourage and develop entrepreneurship through providing vehicles for youth. 

The deal, signed by Egyptian Minister of Industry and Trade Tareq Qabil and Deputy French Minister of Treasury Thomas Corp, aims to provide youth with tricycles to help them establish mobile projects.

Qabil stated that the deal comes in the framework of enhancing joint cooperation between both Egypt and France in the field of supporting small and micro-enterprises, and entrepreneurship. 

Egypt is keen on benefiting from the French remarkable expertise in the field, especially in technical support and funding programs, Qabil continued. 

He further said that the deal stipulates that France will provide technical support for the to-be-established projects in accordance with health and safety international standards. 

The deal has also studies whether France would grant Egypt a loan to fund buying 500 tricycles to embark on the project, he added. 

President Abdel Fatah al-Sisi visited Wednesday morning the headquarters of the French Ministry of Economy and Finance, where he is scheduled to meet with a group of big French companies on the third day of his visit to Paris.