Energy Policy & Regulation

Egypt's energy sector received the majority of the concessional financing recently announced by the European Union to Cairo, totaling €5 billion ($5.4 billion). According to EU Ambassador to Egypt Christian Berger, the energy sector is a key focus of Egypt's concessional financing, contingent upon European companies' interest in investment guarantees.

The EU is actively supporting European companies seeking to invest in Egypt through this concessional financing, facilitating their operations in Cairo. In June, an investment conference is planned in Egypt, expected to draw about 450 European companies.

On March 19, 2024, the EU and Egypt signed an agreement to elevate their relationship to a "comprehensive strategic partnership," aiming to enhance coordination and cooperation across various areas, including migration and support for the Egyptian economy. During European Commission President Ursula von der Leyen's visit to Egypt, a significant €7.4 billion ($8 billion) financing package was announced, featuring a €5 billion soft loan, €1.8 billion ($1.94 billion) in investments, and €600 million ($648 billion) in grants.

European companies are showing keen interest in investing in Egypt, with approximately 32% of foreign investments in Cairo originating from Europe and We participate in the opening of a wind farm that we contributed to financing, as highlighted by Ambassador Berger.