5 things you need to know about the upcoming Egypt-EU investment conference

Mark your calendars! Egypt is gearing up to host a pivotal joint investment conference with the European Union (EU) on the 29th and 30th of June. Set to be headed by President Abdel-Fattah El-Sisi and the President of the European Commission, Ursula von der Leyen, this conference holds immense promise for bolstering economic ties and fostering investment opportunities between Egypt and the EU. With a focus on key sectors and collaboration initiatives, the event promises to be a milestone in strengthening bilateral cooperation and advancing mutual interests. Let's delve into the details of this upcoming conference and what it means for both Egypt and the EU.

1. Dates and Key Attendees: The joint investment conference is scheduled to take place on 29-30 June. It will feature high-profile attendees, including President Abdel-Fattah El-Sisi and the President of the European Commission, Ursula von der Leyen.

2. Participation and Focus: The conference will welcome participants from major European economic entities, large investment companies, and investment funds. It aims to foster greater investment opportunities, particularly in Egypt's industrial sector.

3. Government Initiatives: Prime Minister Mostafa Madbouly has underscored the government's commitment to providing investment opportunities for European companies. He emphasized the localization of projects in coordination with European partners and the export of trained Egyptian technical labor to meet European demand.

4. Private Sector Involvement: Madbouly highlighted the importance of active participation from the Egyptian private sector in establishing partnerships with European counterparts. This collaboration is essential for maximizing investment potentials.

5. Preparation and Focus Sectors: Ahead of the conference, a comprehensive file outlining Egypt's proposed projects for attracting European investments will be sent to Egyptian embassies in Europe. Focus sectors for cooperation include manufacturing, services and communications, information technology, outsourcing services, semiconductor design, agriculture, and green energy.