European Commission President Ursula von der Leyen said on Saturday that European companies are signing contracts worth more than 40 billion euros with Egyptian companies, covering a wide range of industries.
Von der Leyen was speaking at the European Union (EU)-Egypt investment conference in Cairo, where she also held talks with Egyptian President Abdel-Fattah el-Sisi.
“At this conference, European companies sign more than 20 new deals or memoranda of understanding with Egyptian partners, which are worth over 40 billion euros. We have companies in sectors from hydrogen to water management, from construction to chemicals, from shipping to aviation and to automotive,” she said.
Von der Leyen also praised investments in green energy and digital training, noting Egypt’s “ambitious goal to become a clean energy hub.”
The two-day conference is part of the strategic and comprehensive Egypt-EU partnership agreed by von der Leyen and el-Sisi in March.
The agreement covers political relations, economic stability, investment and trade, as well as migration and security issues.
E.Dz.
