The European Union and Egypt have agreed to deepen their economic and strategic cooperation through a €5 billion support package announced during their first joint summit in Brussels. The initiative aims to enhance collaboration in trade, energy, migration management, and scientific research, reinforcing Egypt’s role as a key regional partner for Europe.
European Commission President Ursula von der Leyen and Egyptian President Abdel Fattah El Sisi confirmed that the funds are part of a broader €7.4 billion programme announced in 2024, which includes loans, investments, and targeted aid to support Egypt’s economic stability and development. Cairo will also join the EU’s Horizon research programme, giving Egyptian innovators access to Europe’s €175 billion fund for science and technology.
Both leaders emphasized the importance of building production capabilities in the region, particularly in green hydrogen, renewable energy, and advanced technology sectors. President El Sisi highlighted Egypt’s economic reforms and investment incentives, which aim to boost competitiveness and attract more European investments.
The strengthened partnership comes as the EU seeks to diversify economic ties amid global trade uncertainties while collaborating with Egypt on humanitarian efforts in Gaza and managing regional migration challenges.