Egypt to Host Joint Funding Convention With EU 29-30 June

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Egypt has agreed with the European Union (EU) to host the joint funding convention on 29-30 June with the attendance of President Abdel-Fattah El-Sisi and the President of the European Fee, Ursula von der Leyen, the cupboard introduced on Thursday 4/4/2024.

The convention additionally hosts individuals from main European financial entities, massive funding corporations, and funding funds.

Prime Minister Mostafa Madbouly introduced the convention throughout a gathering held on the authorities headquarters within the New Administrative Capital.

In the course of the assembly, Madbouly instructed the federal government to supply higher funding alternatives for European corporations and entities, significantly within the industrial sector.

He emphasised that a number of tasks needs to be localized in coordination with European companions.

Moreover, Madbouly confused the significance of coordinating with the European Fee in exporting skilled Egyptian technical labour to fulfill the excessive demand in Europe for such labour.

He additionally confused that the Egyptian non-public sector should take part actively within the convention to ascertain partnerships with its European counterpart.

For his half, cupboard spokesperson Mohamed El-Homsani famous {that a} full file on selling Egypt’s proposed tasks for attracting European investments can be despatched to Egyptian embassies in Europe earlier than the convention.

Equally, the top of the Normal Authority For Investments and Free Zones (GAFI), Hossam Heiba, outlined the authority’s plan to reinforce funding cooperation with the EU below the Complete Strategic Partnership Settlement.

Based on Heiba, manufacturing, providers and communications, and knowledge know-how have been Egypt’s most tasty sectors for European investments because the finish of June 2023.

He mentioned Egypt additionally goals to extend cooperation with Europe on outsourcing providers, semiconductor design and improvement, agriculture, and inexperienced power.


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