Sisi, von der Leyen to open Egypt-EU Investment Conference in Cairo on 29-30 June

CAIRO – 23 June 2024: The Egypt-EU Investment Conference will take place at Al Manara International Conference Center in Cairo on June 29-30, aiming to explore collaboration opportunities between the two sides.

President Abdel Fattah El-Sisi and Ursula von der Leyen, President of the European Commission, will open the premier event.

Themed "Unlocking Egypt's Advantages in a Fast-Changing World," the conference will delve into Egypt's economic potential, including its business climate and investment prospects.

Various topics of cooperation, such as the green economy, renewable energy, and circular economy, will be addressed.

Government officials from Egypt and the EU, industry experts, and influential business leaders will convene at the conference to unlock investment opportunities.

The forum will shed light on Egypt's economic reforms aimed at enhancing competitiveness, promoting a green transition, and ensuring resilience in the face of global challenges.

Additionally, the conference will focus on several key topics, including financial vehicles for investment, technology and entrepreneurship, as well as food and water security.

President Sisi and von der Leyen, along with high-level EU and Egyptian officials, will deliver speeches during the event.

Strategic partnership

The conference, organized in partnership between Egypt and the European Commission, comes shortly after the signing of the Joint Declaration on The Strategic Comprehensive Partnership between Egypt and the EU in March.

During the signing ceremony, the EU pledged an aid and investment package worth €7.4 billion ($8.1 billion) for Egypt. The package includes €600 million in grants, with €200 million allocated to migration management, in addition to €5 billion in soft loans and €1.8 billion in investments.

This economic and investment plan focuses on key projects, such as energy transformation and support for Egypt's Water-Food-Energy Nexus initiative, which forms part of the nation's climate strategy.