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Egypt counts on Europe to drive investment and growth

1 min Antoine Khoury

President Abdel Fattah El-Sisi received a phone call on Tuesday from President of the European Council, António Costa, during which the two leaders reaffirmed their commitment to deepening Egypt-EU cooperation on multiple fronts. 

António Costa © Mena Today 

António Costa © Mena Today 

President Abdel Fattah El-Sisi received a phone call on Tuesday from President of the European Council, António Costa, during which the two leaders reaffirmed their commitment to deepening Egypt-EU cooperation on multiple fronts. 

The call comes at a critical moment, as regional instability and economic challenges call for closer alliances and pragmatic diplomacy.

According to Presidential Spokesman Ambassador Mohamed El-Shennawy, the discussion highlighted the shared determination to implement the pillars of the comprehensive strategic partnership signed between Egypt and the European Union. This partnership, initiated in 2022, aims to bolster collaboration in the political, economic, cultural, and scientific spheres.

For Egypt, the EU is a key economic partner and a vital source of investment, trade, and development support. President Sisi emphasized Cairo’s interest in expanding European investment in strategic sectors such as renewable energy, infrastructure, agriculture, and manufacturing. 

With Egypt positioning itself as a gateway to Africa and the Arab world, the country is seeking to attract more European companies looking to diversify their operations and tap into emerging markets.

In return, the European Union views Egypt as a pillar of regional stability and a reliable partner in migration management, counterterrorism, and energy cooperation. 

The EU has increased its financial support to Egypt in recent years, including a €7.4 billion funding package announced in 2024 aimed at enhancing economic resilience, job creation, and climate adaptation.

Tuesday’s call also served to align both sides on key geopolitical challenges, most notably the ongoing crisis in Gaza. Both leaders stressed the need for urgent international action to end hostilities and ensure the delivery of humanitarian aid.

Looking ahead, Egypt and the European Union are expected to announce further joint initiatives during upcoming forums, including the Peace Conference scheduled in New York this June. President Costa reaffirmed the EU’s backing of Egypt’s regional role, calling it “a cornerstone of stability and dialogue in the Mediterranean.”

With shared interests and growing interdependence, the Egypt-EU relationship appears poised for further expansion—anchored in economic cooperation, strategic dialogue, and a mutual desire to shape a more stable and prosperous region.

Antoine Khoury

Antoine Khoury

Antoine Khoury is based in Beirut and has been reporting for Mena Today for the past year. He covers news from Lebanon, Syria, Jordan, and Turkey, and is widely regarded as one of the region’s leading experts

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