Egypt and the EU to Launch €1.8 Billion Investment Guarantee Initiative
The announcement was made during a meeting between Al-Mashat and Dubravka Šuica, the EU Commissioner for the Mediterranean, where discussions also focused on the second phase of the Macroeconomic Support and Budget Assistance Mechanism, valued at €4 billion.
Al-Mashat underscored the strong strategic partnership between Egypt and the EU, which is built on six core pillars: politics, economy, trade, security, migration, and human development. She highlighted that the EU has allocated €7.4 billion in development financing for Egypt between 2025 and 2027, aiming to enhance economic stability, stimulate investment, and support essential sectors for sustainable growth.
The Ministry of Planning, in coordination with relevant government bodies, is currently working on developing programs and projects to be funded through these grants, ensuring that EU financial support aligns with Egypt's national development priorities.
The meeting also explored strategies to enhance private sector participation in investment opportunities, particularly through EU-backed guarantees under the European Fund for Sustainable Development Plus (EFSD+), introduced at the EU Investment Conference. These funds are expected to accelerate sustainable development efforts and expand the role of private enterprises in driving economic growth.
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