Egypt's exports to European Union doubled in 2022

Berger added at a press conference on Wednesday that the EU is the leading importer of Egypt's exports with about 30 percent of the country's $27.4 billion-worth of exports. 

Egypt's exports to the EU include machineries, chemicals, food and plastics.

Egypt is the largest receiver of the EU's direct foreign investment in Africa, Berger added.

"We are currently in discussion with the Egyptian government over how to increase trade and investment," he said.

The EU has an active portfolio of funded development projects in Egypt amounting to 1.3 billion euros.

"These funds and projects contribute to improving the lives of citizens, especially in poorer areas where the Hayah Karima (Decent life) initiative is operating," Berger stated.

The EU and Egypt agreed on Wednesday on a 50 million euro project to upgrade the infrastructure and services, including schools, healthcare, and water access in informal areas, he noted.