The European Union will allocate 1 billion euros to Egypt, Ursula von der Leyen, the President of the European Commission, said in a post on X platform, APA reports.
"We are delivering on the Strategic and Comprehensive Partnership signed last June in Cairo. Today we decided to disburse to Egypt €1 billion to accompany its reform agenda. For a stronger business environment, more private investment and more good jobs for the Egyptian people," Von der Leyen noted.