Egyptian-Greek-Cypriot business forum kicks off as leaders meet in Cairo

CAIRO – 8 January 2025: The Federation of Egyptian Chambers of Commerce is hosting the Egyptian-Cypriot-Greek business forum in light of the 10th trilateral summit between the three countries, set to take place in Cairo on Wednesday.

Various Egyptian, Cypriot and Greek ministers are participating in the forum, alongside more than 70 Cypriot and Greek companies and 200 Egyptian companies.

The forum is scheduled to discuss ways to develop bilateral and tripartite cooperation.

Discussions cover the energy, infrastructure, industry and agriculture sectors, as well as transportation, logistics and health services sectors.

President Abdel Fattah El-Sisi received on Wednesday the Prime Minister of Greece, Kyriakos Mitsotakis, and the President of Cyprus, Nikos Christodoulides, in the Egyptian capital for their 10th trilateral summit.

The summit today is expected to witness the signing of MoUs in areas including ports development, information and communications technology, boosting investment and enhancing healthcare, media reports quoted Cypriot Government Spokesperson Konstantinos Letymbiotis as saying.

Over the past decade, Egypt, Greece, and Cyprus have advanced their trilateral cooperation across various domains, including in energy, economics, and defense, as well as their political and diplomatic coordination.

This partnership has involved high-level exchanges and multiple summits to advance joint projects and initiatives.

A notable project in this collaboration is the EuroAfrica Interconnector, which is set to establish an electricity link between the grids of Egypt, Cyprus, and Greece through a 1,396 km subsea cable with a total capacity of 2,000 MW, serving as an energy conduit between Africa and Europe.

Furthermore, Egypt and Greece are collaborating on the GREGY project, aiming to create a 3,000 MW submarine cable spanning around 950 km, facilitating the exchange of green and cost-effective energy.