Egyptian Foreign Minister Badr Abdelatty has confirmed that France stands as the leading investor in Egypt, excluding the hydrocarbons sector. This statement was made during a press conference broadcasted by "Cairo News," where Abdelatty highlighted the significant role of French investment in Egypt's ongoing economic modernization.
During the press conference, Abdelatty emphasized the crucial contributions of the French Development Agency (AFD) in supporting Egypt's development goals. He noted that discussions focused on the vital role French companies play in advancing the country’s modernization efforts, particularly in sectors outside of oil and gas.
The Foreign Minister also underscored the importance of further strengthening bilateral relations between Egypt and France. He pointed out that the talks were aimed at deepening cooperation across all levels, enhancing the robust partnership that already exists between the two nations.
Background on Egypt-France Relations
The relationship between Egypt and France has long been characterized by strong economic ties, with France being one of Egypt's most significant European partners. This partnership has flourished in various sectors, including infrastructure, transportation, renewable energy, and telecommunications, making France a key player in Egypt's economic landscape.
The French Development Agency (AFD) has been particularly instrumental in supporting Egypt's development projects. Through various funding initiatives and partnerships, the AFD has helped finance critical infrastructure projects, foster sustainable development, and support Egypt’s economic reform programs.
Follow the latest news on Google News
