The European Union and the Arab Republic of Egypt held on 22 October a High-Level Event on Investments, Competitiveness and Innovation on the margins of the first-ever EU–Egypt Leaders’ Summit in Brussels.  Organized under the auspices of Ursula von der Leyen, President of the European Commission, and Abdel Fattah El-Sisi, President of the Arab Republic of Egypt, the event was opened by European Commissioner for the Mediterranean Dubravka Šuica, Minister of Foreign Affairs of Egypt Badr Abdelatty and Minister of Investment & Foreign Trade of Egypt Hassan ElKhatib.

It brought together EU and Egyptian representatives, among whom Rania Al Mashat, the Egyptian Minister of Planning, Economic Development, and International Cooperation, Commissioner for Economy and Productivity Valdis Dombrovskis, Commissioner for Startups, Research and Innovation Ekaterina Zaharieva, as well as over 400 representatives of public authorities, businesses, and international financial institutions, providing a platform for dialogue between the EU and Egypt to coordinate efforts and identify concrete investment opportunities that strengthen our shared economic partnership.

The event focused on the role of the macroeconomic reforms, regulatory environment, and Egypt’s comparative advantages in unlocking investment, supporting industrial transformation, and fostering innovation. These joint efforts to mobilise private sector investments will contribute to increase Foreign Direct Investment (FDI) into Egypt, promote job creation and a more dynamic and resilient economy and will eventually benefit Egyptian businesses and entrepreneurs, as well as citizens while strengthening shared stability and resilience across the Mediterranean. Ursula von der Leyen, President of the European Commission and Abdel Fattah El-Sisi, President of the Arab Republic of Egypt, closed this marking event paving the way towards a stronger cooperation between the EU and Egypt.