United Arab Emirates

Egypt and Belgium sign LE16 million agreement for Baron Empain Palace renovations

Egypt and Belgium signed a memorandum of understanding for funds of LE16 million to renovate the Baron Empain Palace on September 12, according to an official statement. The signing took place at the palace in the presence of several ministries and officials including Egypt’s Minister of Investment and International Cooperation Sahar Nasr, and the ambassador of Belgium to Cairo Sibille de Cartier, Minister of Antiquities Khaled al-Anani and the governor of Cairo Khaled Abdel Aal. The memorandum was inked as part of the Belgian loan exchange program. “We are currently considering expanding the loan exchange programme with Belgium, Italy, and Germany as this allows for investing the loans in priority venture and deve ...