Egypt secured a total of 67.7 billion euros in agreements at the Egyptian-European Investment Conference held over the weekend in Cairo. The Prime Minister, Dr. Mostafa Madbouly, announced that 29 agreements worth 49 billion euros were signed with EU-affiliated companies, while six agreements worth 18.7 billion euros were signed with other alliances and companies.
The focus of these agreements was on exporting to the European Union, and Dr. Madbouly emphasized the importance of implementing these projects on the ground to boost the Egyptian economy. He highlighted a variety of sectors covered in the agreements, including green hydrogen projects, electric cars, infrastructure, sustainable transportation, and information technology in line with the EU’s goals to support the green economy.
The Prime Minister expressed Egypt’s commitment to economic reform and deepening partnerships with the EU, as demonstrated by the successful conference. He emphasized the historical relations between the two sides and called for continued communication and collaboration. Madbouly also stressed the importance of moving forward with the economic reform process to achieve development plans and improve security and stability in Egypt.
The conference included dialogue sessions, bilateral meetings, and discussions on important sectors of the Egyptian economy. Dr. Madbouly expressed hope for the European Union to be an active partner in Egypt’s development plans and looked forward to future cooperation. The conference marked a significant step in strengthening ties between Egypt and the EU, with plans to hold the next session in 2025.
In summary, Egypt secured a significant amount of investment through various agreements at an international conference held over the weekend in Cairo. The Prime Minister emphasized that these agreements would help boost Egypt’s economy through exporting goods to Europe while highlighting sectors such as green hydrogen projects that align with Europe’s goals for sustainability. Additionally, he expressed his commitment to economic reform and deepening partnerships with Europe as demonstrated by successful cooperation at this conference while looking forward to future opportunities for collaboration between these countries.