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Felipe VI Opens Cairo Business Forum to Spur Spanish Investment in Egypt

Officials seek to turn a new strategic partnership into bankable projects with FIEM support.

Overview

  • The King inaugurated a Hispano‑Egyptian business forum in Cairo to accelerate Spanish investment in infrastructure, energy, water and tourism.
  • More than 200 participants attended, with executives from Talgo, Acciona, FCC Aqualia and Técnicas Reunidas, as well as senior officials from both countries; over 60 Spanish companies already operate in Egypt.
  • Spain’s Secretary of State for Commerce said Egypt is the top recipient of FIEM funds at €925 million to date.
  • Felipe VI cited 2024 trade flows of €1.457 billion in Spanish exports to Egypt and €1.680 billion in imports as a platform for deeper ties.
  • Coverage highlighted opportunity alongside risks noted by the IMF and experts, including public‑sector dominance, military‑linked conglomerates, corruption, legal uncertainty and the fiscal burden of megaprojects.