Egypt’s Minister of International Cooperation, Rania Al-Mashat with her Albanian counterpart Minister of Economy and Innovation Delina Ibrahimaj posing for an image after the inking of several MoUs in Cairo, Egypt. Photo courtesy of Egyptian cabinet,
The agreements were signed by Egypt’s Minister of Planning, Economic Development and International Cooperation, Rania Al-Mashat, and Albania’s Minister of Economy and Innovation, Delina Ibrahimaj, following a meeting held under the framework of the Egyptian–Albanian Joint Committee for Economic, Scientific and Technical Cooperation, according to a statement by Egypt’s planning ministry.
Discussions focused on potential partnerships in a range of sectors, including water resources, renewable energy, irrigation, education, research and health.
The talks took place alongside the Egyptian–Albanian Business Forum, which kicked off earlier this week in Albania’s capital, Tirana.
During the visit, Al-Mashat also held separate meetings with Albania’s Minister of State for Local Government Ervin Demo and Deputy Minister of Agriculture Fatmir Guri to explore additional areas of cooperation.
The Egyptian minister said the joint committee aims to boost bilateral trade and expand exchange volumes through stronger private sector partnerships, adding that cooperation with Albanian firms could help widen access to regional and international markets via the Mediterranean and the Suez Canal Economic Zone.
The MoUs focus on exchanging expertise in economic development and strategic planning, improving cooperation on national and sectoral policies, and supporting sustainable and inclusive growth.
They also aim to assess economic reforms and strengthen the role of joint committees, the statement added.
Al-Mashat said trade ties between Egypt and Albania have grown gradually but remain below potential, making deeper economic cooperation a priority. She noted that Egypt is pursuing an open trade policy while tightening fiscal and monetary policies and expanding private sector participation to improve the investment climate.
A separate MoU was also signed between Egypt’s General Authority for Investment and Free Zones (GAFI) and the Albanian Investment Development Agency (AIDA) to support investors, organise business delegations and promote joint projects, supported by GAFI’s new digital investment platform.
The measures align with Egypt’s five-year economic strategy, which targets higher productivity, stronger macroeconomic stability and greater private investment, which reached 47.5 percent of total executed investments in the 2024/25 fiscal year, the highest level in five years.
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