The Egypt-France Economic Cooperation Forum held in Paris was an opportunity for the Minister of Investment and Foreign Trade, Hassan al-Khatib, to highlight the strong economic relations between the two countries. Egypt and France enjoy close ties, with France being a major investor in the Egyptian market with investments totaling seven billion euros spread across 180 projects.
In his speech at the Forum, al-Khatib expressed his commitment to strengthening cooperation between Egypt and France to advance economic and trade relations, thus contributing to sustainable development and achieving the aspirations of the peoples of both countries.
This event follows the Egypt-EU Investment Conference held last June, where 20 agreements worth €40 billion were signed between Egyptian and French companies in areas such as green hydrogen, water management, petrochemicals, aviation and the automotive industry.
Egypt has positioned itself as the largest recipient of foreign direct investment in Africa for two consecutive years, with investments reaching a historic high of $46.1 billion for the 2023/2024 fiscal year. The Minister of Investment reiterated Egypt’s commitment to continuing economic reforms aimed at improving the investment climate and injecting more investment into infrastructure projects.
Highlighting Egypt’s strategic geographical position that connects Europe, Asia and Africa, al-Khatib highlighted access to a market of 106 million consumers and a skilled workforce of 31 million people.
This Economic Forum represents a key opportunity to deepen cooperation between the Egyptian and French business communities, in a global context marked by economic challenges requiring joint efforts to explore new areas of investment conducive to the economic growth of both countries.