Egypt’s government approved signing three vital international agreements, including around $647.83 million deal with the European Union (EU). The deal aims at supporting legislative reforms, social security, and financing new projects in renewable energy, Minister of Investment and International Cooperation, Sahar Nasr, stated, according to Al-Ahram Newspaper.

The North African Country has further approved a deal worth around $39.81 million with the Kuwait Fund for Arab Economic Development, which aims to build a water station in North Sinai’s El-Arish, the minister pointed out during a press conference at the Cabinet headquarters, according to Amwal Al Ghad.

Meanwhile, the third approved agreement is regarding the $1 billion final tranche of the $3 billion loan granted by the World Bank (WB) to support the country’s economic reform program, Nasr stated.