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Egypt & Switzerland: $66M Cooperation Deal Signed – 2024 Update

Egypt & Switzerland: M Cooperation Deal Signed – 2024 Update

## Egypt-Switzerland Partnership:​ A New Era of Cooperation (2025-2028)

Are ‍you curious about the deepening economic ⁣adn​ developmental ties⁣ between Egypt and Switzerland? A significant new chapter in their 45+ year relationship has just begun. Egypt and Switzerland have ‍launched a joint ⁤cooperation program ⁤for 2025-2028,committing CHF 60 ⁢million ⁣(approximately⁣ $67 million) to ​initiatives focused on migration management,fostering‍ a green economy,and bolstering governance. This isn’t just a financial commitment;⁤ it’s a strategic investment in a shared future. this cooperation builds upon a strong foundation of trust and mutual respect, aiming to create a more inclusive and sustainable future for both nations.

The launch event, held at the ministry of Planning in Egypt’s New Administrative Capital, was a testament to the importance both countries place on this partnership. Attended by Minister of Planning Rania​ Al-Mashat‌ and Director General of the Swiss Agency for Growth and Cooperation (SDC), Patricia Danzi, the‍ programme signifies a continuation – the fourth iteration since 2012 ‌- of a triumphant collaborative journey.

Key ‌Pillars ​of the New Programme

This new phase of Egyptian-Swiss relations ‍isn’t simply a continuation ⁢of past ‌efforts; it’s a recalibration aligned‍ with‌ evolving global priorities. The programme’s three core pillars are designed to address pressing challenges and unlock new opportunities:

Pillar Focus Areas Expected Outcomes
Migration Safe, orderly, and regular migration pathways; protection of vulnerable migrants; addressing root ⁣causes of irregular migration. Enhanced migration management systems, reduced human trafficking, improved integration​ of migrants.
Green Economic Development Sustainable ⁤tourism; renewable energy; resource efficiency;​ climate change adaptation. Increased investment in green technologies, job creation in sustainable sectors, reduced‍ carbon footprint.
Governance strengthening public institutions; promoting ‌transparency and accountability; supporting civil society. Improved public service delivery,increased citizen participation,enhanced rule of⁤ law.
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Minister Al-Mashat emphasized Egypt’s commitment ⁣to strengthening economic ties through high-level dialog ⁤and private sector engagement. She highlighted the tangible ‌economic and structural⁤ reforms Egypt has undertaken, creating a more attractive investment climate.Recent data from the World Bank indicates a 4.2% GDP‍ growth for Egypt in 2023/24,​ signaling positive⁣ momentum for foreign investment.

Ambassador Andreas Baum underscored the foundation of trust‍ and shared values underpinning the partnership. Ambassador Danzi further‍ elaborated that the ⁣programme directly reflects Switzerland’s Strategy for ‍International Cooperation 2025-2028, prioritizing humanitarian aid, migration policy, democracy, the private sector, and climate change mitigation. ⁣ This alignment demonstrates a​ long-term commitment to collaborative problem-solving.

Did You Know? Switzerland ​is a leading donor in the field of migration‌ management‍ globally,and Egypt‌ is a key partner in addressing regional migration challenges.

The Swiss delegation also extended​ congratulations on the recent inauguration​ of the Grand Egyptian Museum, recognizing its cultural significance⁤ and potential to boost⁤ tourism – a key sector for sustainable development in Egypt.‍ Discussions also encompassed enhancing South-South and‌ triangular cooperation,and navigating the evolving landscape⁤ of Egyptian-European relations. This⁣ holistic approach demonstrates a commitment to broader regional stability and prosperity.

Pro Tip: ‌ For businesses looking to explore opportunities in Egypt, now⁢ is an opportune time. The improved investment climate and focus on⁣ green technologies‍ create a favorable surroundings for sustainable ventures.

What specific areas‌ of the green economy do you believe hold the most promise for Egyptian-swiss collaboration? Share your thoughts in⁤ the comments below!

Addressing Common

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