Key facts
- The US Embassy said the $125 million agreement was the first of its kind between the United States and Egypt.
- The embassy said the agreement covers agriculture, food security, education, health, water security and workforce development.
- The embassy said the deal aims to promote Egyptian self-reliance and ensure US foreign assistance is used more efficiently.
- The embassy statement did not provide further details on the agreement's terms or disbursement.
The United States and Egypt signed a $125 million agreement on November 4 aimed at expanding opportunities for American companies in Egypt and driving private-sector growth, the US Embassy said in a statement.
The embassy said the deal was the first of its kind between the two countries. It covers agriculture, food security, education, health, water security and workforce development.
The embassy said the agreement was also meant to promote Egyptian self-reliance and ensure US foreign assistance is used more efficiently. The statement did not provide further details on the agreement's terms, funding schedule or implementing agencies.