This came during the conclusion of the two-day Egypt-EU Investment Conference 2024 which witnessed the signing of deals worth $40 billion.
"I am pleased to announce today that the conference witnessed the signing of 29 agreements and MoUs worth 49 billion euros with companies affiliated with the European Union,” Madbouly said.
He added that six agreements and MoUs worth 18.7 billion euros were signed with alliances and companies, either European non-EU entities or companies from different nationalities, aimed at exporting to the European Union.
The agreements were signed at the private sector level or between the private sector and official Egyptian entities, achieving significant targets, Madbouly noted.
These figures reflect the EU and private sector companies' interest in various fields and projects covered by these agreements and MoUs, Madbouly explained.
These projects include green hydrogen, electric vehicles, infrastructure, sustainable transportation, information and communication technology, and other key sectors outlined in the Egypt 2030 Vision, aligning with the EU's goals to support the green economy in the coming phase.
"Given the successful launch of the conference, it is crucial to follow up on the agreements and the ideas and initiatives proposed, as well as the signed MoUs," the prime minister said.
"Our primary focus in the coming period is to translate these signed agreements into actual projects on the ground,” he continued.
This will help support the Egyptian economy, increase foreign direct investments, and create more job opportunities for youth, positively impacting Egypt's annual economic growth rates, Madbouly added.
Furthermore, he affirmed Egypt's commitment to continuing economic reform to implement its development plans and achieve the aspirations of its people for a better future marked by security, peace, and stability.
He expressed his hope that the EU would be an active partner in realizing this vision, highlighting that the conference was strong evidence of the deep historical ties between the two sides.
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