“Firms are signing over 20 new offers or Memorandum of Figuring out (MoUs) with Egyptian companions, which can be value over 40 billion euros,” the Eu Fee president stated.
Eu Fee president Ursula von der Leyen on Saturday stated Eu corporations had been signing greater than 40 billion euros’ value of offers with Egyptian companies, spanning a variety of industries.
Von der Leyen was once talking on the EU-Egypt Funding Convention in Cairo, the place she additionally held talks with Egyptian President Abdel-Fattah el-Sissi.
“At this convention, Eu corporations are signing over 20 new offers or MoUs with Egyptian companions, which can be value over 40 billion euros. Now we have corporations in sectors starting from hydrogen to water control, from building to chemical substances, from transport to aviation and to automobile,” she stated.
Von der Leyen additionally additionally touted investments in inexperienced power and virtual coaching, remarking on Egypt’s “formidable function of turning into a blank power hub.”
The 2-day convention is a part of the Egypt-EU Strategic and Complete Partnership that was once agreed by means of von der Leyen and el-Sissi in March.
The settlement covers political members of the family, financial steadiness, investments and business, in addition to migration and safety issues.