The European Union Ambassador to Cairo, Christian Berger, said that the Egyptian-European Investment Conference, which was held in Cairo last Saturday and Sunday, confirmed the European side’s keenness to strengthen the economic and trade partnership with Egypt and cooperation between the private sectors on both sides, noting that the conference witnessed the signing of 29 joint agreements and memorandums of understanding worth $49. One billion euros with companies affiliated with the European Union, in addition to signing a memorandum of understanding between Egypt and the European Union related to the first tranche of the macroeconomic support mechanism and supporting the budget deficit worth one billion dollars.

He stressed that Egypt is a favorable gateway for European exports to African countries in light of Egypt’s distinguished geographical location and its membership in the African Continental Free Trade Area and the Common Market for Eastern and Southern African Countries (COMESA), noting that the European Union is also keen to cooperate with Egypt in the field of transportation. Technology to enhance industry and training.