The Cairo meeting attended by President Abdel Fattah el-Sissi and EU commission Chief Ursula von der Leyen culminated in the signing of deals worth billions of dollars. In exchange, Cairo must step up energy exports to Europe and action on irregular migrants. With huge natural gas deposits, the European Union sees Egypt as a key player in its efforts to replace Russian energy. In his remarks, President Sissi said that Egypt was a prime destination for European investment. At the conference, european companies signed over 20 deals worth over 40 billion Euros, the EU chief said.

Source: The North Africa Journal July 01, 2024 10:59 UTC