CAIRO, June 29 — EU companies are signing investment deals potentially worth more than €40 billion with Egypt, European Commission President Ursula von der Leyen told an investment conference that opened on Saturday.
European officials say they want to help Egypt, which has suffered repeated shocks including fallout from the war in Ukraine and Covid-19, become more resilient by boosting investment and the private sector. Egyptian President Abdel Fattah al-Sisi said that the partnership between Egypt and the EU were in various fields including trade, energy and infrastructure.
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