Upcoming Egypt–EU Summit to mark milestone in strategic partnership

Speaking on the sidelines of the Global Gateway Forum 2025 in Brussels, in a forum under the theme “Partnerships in a Geopolitical Age: Time for a New Strategic Dialogue", Al-Mashat emphasized that the summit will discuss prospects for economic and investment cooperation, sustainable development, and key issues related to food security, energy, and green transformation. 

Egypt and the EU elevated the bilateral relations to a Strategic and Comprehensive Partnership. Under the new partnership, the EU pledged a €7.4 billion ($8.1 billion) aid and investment package for the country. Egypt received the first tranche of the package, amounting to €1 billion, in January.

Following the elevation of relations, Egypt hosted the first two-day Egypt-EU Summit in 2024, during which deals worth $40 billion were inked.

In a meeting with Annika Eriksgard, Director for Economic and Financial Affairs at the European Commission, Al-Mashat discussed ongoing preparations to sign a Memorandum of Understanding for the second phase of the Macro-Financial Assistance (MFA) and Budget Support Mechanism, a key component of the Egypt–EU partnership. She noted that the first phase, worth €1 billion, was disbursed in December 2024 to support Egypt’s economic stabilization and reform efforts.