Egypt-US sign $625 framework agreement aimed at advancing mutual prosperity

Egypt and the United States signed a framework agreement on Wednesday aimed at advancing mutual prosperity. The deal brings American institutional and technological innovation to boost Egypt's energy and infrastructure systems. The total amount of the U.S. contribution under the agreement amounts to up to six hundred twenty five million US dollars over a period of five years We hope through this agreement to expand modernization here, particularly in the high-tech sectors, and also to find new opportunities for private sector U.S. investment in Egypt The new deal matches previous U.S. economic assistance delivered through U.S. AID projects. Egypt also receives military aid.