Egypt-Greece trade ties are excellent and growing stronger

Over the past few years, Egypt and Greece have ushered in a new era of commercial partnership. Energy cooperation has been a key pillar, ranging from fossil fuels and natural gas to renewables.

Joint efforts include the GREGY Interconnector, the EuroAfrica Interconnector, the East Med Gas Forum, and the 2020 agreement on exclusive economic zones.

These are now being complemented by newer efforts, most recently, an MoU on Carbon Capture Usage and Storage to support climate goals.

Greek companies in sectors such as energy, construction, engineering, and healthcare are increasingly active in Egypt. Both countries are also building a new framework for agricultural labour cooperation.

The GREGY Interconnector exemplifies the depth of Egypt-Greece relations. Designated as a European Union (EU) Project of Mutual Interest, it is expected to unlock 1 billion euros in grants and concessional funding.

Initial tenders have already been awarded on the Greek side. The chosen companies will conduct feasibility studies, mapping the optimal cable route and calculating costs.