Brussels: President Abdel Fattah El-Sisi underscored the significance of the economic ties between Egypt and the European Union during the closing session of a notable economic event in Brussels. He emphasized the event as a milestone that coincides with the first summit between Egypt and the European Union, reflecting the deepening partnership between the two regions.

According to State Information Service Egypt, President El-Sisi expressed gratitude to the organizers and participants for their contributions to the discussions, which focused on strengthening economic cooperation. The European Union, being Egypt's principal trade and investment partner, accounted for 27% of Egypt's foreign trade and 32% of foreign direct investment in 2024.

The event's discussions included strategic themes such as the establishment of a European investment corridor in Egypt, enhancing Egypt's role in European supply chains, and reinforcing the private sector's role in development. These discussions are part of a broader effort to elevate relations to a comprehensive strategic partnership, initiated in March 2024.

The President highlighted a series of reforms undertaken by the Egyptian government, which have positively impacted the country's economy. These reforms have led to an improved credit rating and increased foreign direct investment, demonstrating the resilience of the Egyptian economy.

Moreover, Egypt's strategic location offers European companies access to a vast consumer base across Africa, the Arab region, and the European Union. The country provides a supportive environment for investors, including tax incentives and a stable political climate.

Looking forward, President El-Sisi invited European investors to explore the opportunities in Egypt, particularly in sectors such as pharmaceuticals, automotive manufacturing, and renewable energy. He also called on European institutions to enhance support for investments in Egypt, emphasizing the mutual benefits of such collaborations.

President El-Sisi concluded by urging the European business community to view Egypt not just as a market but as a strategic partner capable of hosting production lines that serve both global and European markets efficiently.