European Commission chief Ursula von der Leyen said on Saturday European companies were signing more than 20 new deals or MOUs worth a total of more than 40 billion euros ($42.85 billion) at the Egypt-EU Investment Conference, Reuters reported.
The joint Investment Forum, which takes place in Cairo on 29th and 30th of June, is a first key deliverable of the Egypt-EU Strategic and Comprehensive Partnership agreed by the presidents of the EU and Egypt, Abdel Fattah al-Sisi, in March 2024.
The Partnership covers political relations, economic stability, investments and trade, migration and mobility, security and demography, and human capital.
The Conference will bring together some 1,000 participants, including Egyptian and EU Ministers, senior officials, European financial institutions and CEOs from a wide range of sectors from both the EU and Egypt.
