Egypt has set ambitious targets for the coming years, including attracting $60 billion in foreign direct investment and increasing the value of exports to $145 billion.
According to Hossam Heiba, CEO of the General Authority for Investment and Free Zones in Egypt, the Egyptian government is striving to achieve a private sector contribution of up to 65 percent of total investments by 2030. In his speech at the Egyptian-French Business Forum, Heiba noted that “Egypt has succeeded in implementing structural economic reforms that have contributed to strengthening the investment environment.” In 2024, Egypt achieved in 2024 foreign direct investment inflows amounting to $46.6 billion, reflecting the international community’s growing confidence in the Egyptian economy.
Strategic agreements with France
Earlier today, Egypt and France finalized a substantial EUR7 billion ($7.68 billion) agreement aimed at developing, financing, and operating a green hydrogen production facility, as confirmed by Egypt’s transportation ministry. This agreement was signed during French President Emmanuel Macron’s recent visit to Egypt. This visit included the signing of strategic partnership agreements that span various sectors, including health, transport, and energy. Macron emphasized that these collaborations would boost Egypt’s stability amid ongoing regional volatility.
Read more: Egypt, France ink $7.68 billion agreement for green hydrogen facility
Partnerships in key sectors
On Monday, El-Sisi and Macron formalized strategic partnership agreements in transportation, health, and education, as reported by Egyptian state television. Following these discussions, the French leader is scheduled to visit the Egyptian port of El-Arish, located near Gaza, to highlight the pressing humanitarian situation in the territory. This visit underscores France’s commitment to addressing urgent humanitarian issues.
