Representative Hazem Al-Jundi, member of the Senate
Mohammed Aouf
Engineer Hazem El-Gendy, a member of the Senate and a member of the Supreme Committee of the Wafd Party, confirmed that the participation of President Abdel Fattah Al-Sisi in the opening of the Egypt-European Union investment conference reflects the enthusiasm of the political leadership to deepen relations between the two sides at all political and economic levels, stressing that relations between Egypt and the European Union are experiencing positive developments in various fields of cooperation, which culminated in the signing of the political declaration, to deepen relations between the two sides last March, the two sides have reached the level of a strategic and comprehensive partnership.
El-Gindy said that President Sisi stressed during his speech that the Egypt-EU Investment Conference 2024 “represents the first executive steps on the path to improving relations and also reflects the commitment of Egypt and the European Union to move beyond the stage of commitments to the stage of implementation,” explaining that the president clarified during his speech the axes of partnership between Egypt and the European Union, at the forefront of which is the investment axis.
The senator added that the president stressed the commitment of the Egyptian and European sides to strengthen cooperation in various priority economic sectors, including trade, energy, infrastructure, sustainable transport, agriculture, food security, digital transformation, water security and water and sanitation networks. And small, medium and micro enterprises, as well as other vital sectors, since the value of European investments is estimated at 5 billion euros, in addition to investment guarantees worth 1.8 billion euros for the private sector, which will have positive repercussions on increasing the volume. of foreign direct investments.
Representative Hazem El-Guindy stressed the existence of a European will to activate the path of improving relations with Egypt, based on his conviction of the central role of Egypt as a major strategic partner of the European Union in the region, noting that the conference takes place at a very specific time in light of the successive international and regional crises that have cast a negative shadow on the countries of the world, which requires strengthening the partnership between the countries.
