Cairo: Egyptian Prime Minister Moustafa Madbouly said on Wednesday that French President Emmanuel Macron’s recent visit to Egypt marked a historic step in boosting economic ties between the two nations, despite the current regional challenges. The prime minister described the visit as a significant milestone in Egypt-France relations, emphasising the new strategic partnership that was announced during the trip. The visit saw the signing of several memoranda of understanding aimed at fostering deeper cooperation in various sectors, particularly economic. ‘This visit came at a critical time, with regional and global challenges, and underscores France’s solidarity with Egypt’s efforts to stabilise the region,’ Prime Minister Madbouly said in a Cabinet meeting. He highlighted the discussions between Egyptian President Abdel Fattah El-Sisi, Macron, and Jordan’s King Abdullah II, which focused on an urgent ceasefire agreement for Gaza and the humanitarian crisis there. The prime minister also noted that the visit w
ould contribute to boosting French investments in Egypt. ‘We expect French companies to expand their participation in Egypt’s economic activities, building on their decades of experience in the country,’ he added.

According to State Information Service Egypt, the visit also underscored the importance of enhancing bilateral relations in the face of geopolitical uncertainties. The discussions between the leaders included a focus on security cooperation and the role of both countries in promoting stability in the Middle East. French President Macron’s visit highlighted France’s commitment to supporting Egypt’s economic development and addressing the pressing humanitarian issues in the region.

The signed agreements are expected to pave the way for increased French investment in key sectors such as energy, infrastructure, and technology. This new phase of collaboration is anticipated to create substantial economic opportunities and contribute to the sustainable development goals of both nations.