By: Taarek Refaat
CAIRO, Jan. 27 (SEE)- French newspaper Le Figaro published on Saturday that President Emmanuel Macron’s visit to Egypt will witness the signing of 30 contracts worth of approximately one billion euros.
The visit is expected to take place on Sunday, lasting two more days.
“Macron is committed to strengthening the strategic partnership with Cairo. His visit will be an opportunity to conclude a series of contracts between the two countries,” Le Figaro stated.
The two leaders’ meeting is expected to focus on international security issues and cultural exchange, as well as boosting economic bonds between France and Egypt.
Egypt is France’s biggest trading partner in the region and the third in Africa after Nigeria and Ethiopia.
French investments in Egypt are ranked 11th, and with this visit, French companies will pour in many investments, improving its position.
The French development agency (AFD) will be part of a new agreement for innovation projects including 50 companies specialized in various fields such as contracting, water, energy, and waste management, as well as metro, and railways firms.
Major French projects have been carried out in Egypt, most notably the maintenance and expansion of the Cairo subway.
The delegation accompanying Macron will also include a group of representatives of start-ups, small and medium enterprises (SMEs).
Earlier today, Macron has arrived in Aswan Governorate and is currently visiting Abu Simbel Temples.