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By:
Blerta Haxhiu
- June 29, 2024 14:23
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European Commission President Ursula von der Leyen said on Saturday that European companies are signing deals worth more than 40 billion euros with Egyptian companies, covering a wide range of industries.
Von der Leyen was speaking at the EU-Egypt Investment Conference in Cairo, where she also held talks with Egyptian President Abdel-Fattah el-Sissi.
"At this conference, European companies are signing over 20 new agreements with Egyptian partners, which amount to over 40 billion euros. We have companies in sectors ranging from hydrogen to water management, from construction to chemicals, from transportation to aviation and automobiles," she said.
Von der Leyen also defended investments in green energy and digital training, noting Egypt's "ambitious goal to become a clean energy hub," AP reports.
The two-day conference is part of the Egypt-EU Strategic and Comprehensive Partnership agreed by von der Leyen and el-Sissi in March.
The agreement covers political relations, economic stability, investment and trade, as well as migration and security issues.
