The President of the European Commission announced this Saturday the signing of contracts between European and Egyptian companies worth more than 40 billion euros.
ADVERTISEMENTEuropean Commission President Ursula von der Leyen said on Saturday that European companies have signed deals worth more than 40 billion euros with Egyptian companies, covering a wide range of sectors.
The EU executive president was speaking at the EU-Egypt investment conference in Cairo, where she also met with Egyptian President Abdel-Fattah el-Sissi.
“At this conference, European companies sign more than 20 new agreements or memorandums of understanding with Egyptian partners, worth more than 40 billion euros. We have companies in sectors ranging from hydrogen to water management, from construction to chemicals, from maritime transport to aviation and automobiles”she said.
Von der Leyen also praised investments in green energy and digital training, highlighting “Egypt’s ambitious goal of becoming a clean energy hub.” The two-day conference follows the Egypt-EU Comprehensive Strategic Partnership adopted by the EU and Egypt last March. The partnership covers political relations, economic stability, investment and trade, as well as migration and security issues.
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