The European Union on Sunday announced a $8 billion aid package for Egypt amid concerns that economic pressure and conflicts and chaos in neighboring countries could drive more migrants to European shores.

The deal is scheduled to be signed during a visit by European Commission president Ursula von der Leyen and the leaders of Belgium, Italy, Austria, Cyprus and Greece, according to Egyptian officials.

The package includes both grants and loans over the next three years for Egypt.

According to a document from the EU mission in Egypt, the two sides have promoted their cooperation to the level of a “strategic and comprehensive partnership,” paving the way for “expanding Egypt-EU cooperation in various economic and non-economic areas.”

The EU will provide assistance to Egypt’s government to fortify its borders especially with Libya and will support the government in hosting Sudanese.