France & Egypt Sign EUR 260 Million Agreement for Economic Cooperation
Apr 07, 2025
During a joint press conference in Cairo on April 7th, 2025, French President Emmanuel Macron announced that the French Development Agency (AFD) will sign agreements with Egypt to provide more than EUR 260 million in grants and loans. These funds are designated to support vital sectors such as energy, transportation, water, and sanitation.
President Macron highlighted that French investments in Egypt have reached EUR 7 billion, underscoring France's commitment to deepening its economic presence in the Egyptian market and fostering sustainable development across various sectors and projects, including the Cairo metro, power generation and water management.
Egyptian President Abdel Fattah El-Sisi expressed confidence in the growing economic collaboration between the two nations. He emphasized the importance of expanding French company activities in Egypt and building upon the outcomes of the Egyptian-French Economic Forum to bolster joint cooperation and actively drive economic development.
The two leaders also discussed regional issues, including developments related to water security. President El-Sisi reiterated Egypt's position that the Nile River serves as a historical link that should benefit all, while considering Egypt's reliance on its waters. President Macron affirmed France's commitment to facilitating a fair resolution to ensure equitable sharing of Nile waters among neighbouring countries.
During his visit, President Macron reiterated France's firm rejection of any attempt to forcibly displace Palestinians from Gaza or the West Bank ahead of Cairo's tripartite summit to address the humanitarian crisis in the Gaza Strip between Egypt, France and Jordan.
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