EU and Egypt Forge €1 Billion Investment Deal at Cairo Conference

The agreement is part of a larger €7.4 billion aid package to support Egypt's economic reforms amid inflation and currency crises.

European companies have committed €42 billion in investments in Egypt, signing over 20 new deals and MOUs.
The EU's financial support aims to bolster Egypt's private sector and economic resilience.
Rights groups criticize the deal, urging the EU to tie financial aid to human rights improvements.
The funds will target sectors like clean energy, manufacturing, and food security.
Egypt has also received substantial financial backing from the UAE, IMF, and World Bank this year.