Held under the theme “The Compass of Prosperity,” the FII summit has provided a platform for high-level talks on regional integration and strategic partnerships.
During the talks, Minister Al-Mashat highlighted Egypt’s commitment to strengthening ties with Greece, particularly in energy, innovation, and industrial development.
The meeting touched on Egypt’s growing engagement with Europe, underscored by the recent Egypt-EU summit in Brussels and the elevation of bilateral relations under President Abdel-Fattah El-Sisi.
Al-Mashat also pointed to the electricity interconnection project between Egypt and Greece as a model for energy integration and cross-border collaboration.
The minister presented the English edition of Egypt’s Narrative for Economic Development, a strategic roadmap aligning Vision 2030 with sectoral strategies and government priorities. The narrative aims to boost productivity, redefine the state’s role in the economy, and promote macroeconomic stability.
Al-Mashat also emphasized Egypt’s push to localize technology and foster innovation-driven industries, noting the importance of public-private partnerships in sectors such as the green economy, transport, health, and education.
The two sides explored cooperation in advanced engineering, artificial intelligence, and cybersecurity.
Al-Mashat praised Greece’s expertise in maritime industries, digital infrastructure, and higher education, describing them as complementary to Egypt’s innovation ecosystem.
Both sides stressed the need to mobilize sustainable financing and adopt innovative investment tools to support knowledge-based sectors and green growth, in line with a shared vision for resilient economies.
Al-Mashat noted the potential for expanding Greek investments in Egypt, particularly in renewable energy, logistics, construction, and telecommunications. She cited the 1.8 billion-euro European Investment Guarantee Mechanism in Egypt as a key opportunity to scale up European engagement.
According to official figures, bilateral trade between Egypt and Greece reached $2.1 billion in 2023.
In 2024, 15,462 Greek tourists visited Egypt, accounting for 158,258 overnight stays. As of September 2024, Greek investments in Egypt totalled $256.93 million across 224 companies.
Short link: