France, Egypt deepen economic ties with €260 Million in New Agreements
CAIRO - 7 April 2025: French President Emmanuel Macron revealed that France is strengthening its economic partnership with Egypt through new agreements totaling over €260 million in grants and loans. The announcement came during a joint press conference with Egyptian President Abdel Fattah El-Sisi in Cairo.
Macron explained that the funds—channeled through the French Development Agency—will target key sectors in Egypt such as energy, transportation, water resources, and sanitation services.
He also emphasized that French investments in Egypt have now reached €7 billion, a figure that reflects France's long-term commitment to the Egyptian economy and its support for sustainable development initiatives.
President El-Sisi, in turn, expressed confidence in the growing economic collaboration between the two nations. He noted a shared intention to boost cooperation in railway manufacturing, which is expected to play a central role in modernizing Egypt's transport infrastructure.
El-Sisi also highlighted Egypt's anticipation of receiving the second installment of a €4 billion EU support package, stressing the importance of timely financial support in advancing national development goals.
Beyond economic matters, the two leaders discussed regional challenges, including the Grand Ethiopian Renaissance Dam (GERD). El-Sisi reiterated Egypt's unwavering stance on adhering to international law in resolving the dispute. Macron pledged France's commitment to facilitating a fair and balanced resolution with Ethiopia, and voiced support for Egypt's right to protect its water security under international legal frameworks.
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