Egypt Secures $67.7 Billion in Investment Deals at European Investment Conference
Egypt secured 35 agreements totaling 67.7 billion euros at the Egyptian-European Investment Conference held in Cairo over the weekend. The conference, which was attended by Prime Minister Dr. Mostafa Madbouly, marked a significant step in strengthening ties between Egypt and the European Union (EU).
Dr. Madbouly announced that 29 agreements worth 49 billion euros were signed with EU-affiliated companies, while 6 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.
The conference included dialogue sessions, bilateral meetings, and discussions on important sectors of the Egyptian economy, such as green hydrogen projects, electric cars, infrastructure, sustainable transportation, and information technology in line with the EU’s goals to support the green economy.
Dr. Madbouly highlighted 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 to achieve development plans and improve security and stability in Egypt.
The Prime Minister expressed hope for future cooperation with the European Union as an active partner in Egypt’s development plans. The conference marked a significant step towards strengthening economic ties between Egypt and Europe, paving the way for more investment opportunities and job creation in both countries.
In conclusion, Egypt secured a total of 35 agreements worth 67.7 billion euros at
