Egypt, Bulgaria sign cooperation agreements as joint committee meets in Cairo

Egypt’s Minister of Planning, Economic Development, and International Cooperation, Rania Al-Mashat, and Bulgarian Minister of Economy and Industry, Peter Dilov, co-chaired the committee.

The session brought together the Bulgarian delegation and representatives of 17 Egyptian ministries and national bodies to expand trade, investment, and sectoral cooperation. Trade between Egypt and Bulgaria reached around $1 billion in 2024.

Al-Mashat said Egypt’s competitive advantages qualify it to attract greater Bulgarian investment. She noted that Egypt could become a strategic gateway for Bulgarian exports to Arab and African markets due to the country’s multiple free trade agreements and industrial zones, including the Suez Canal Economic Zone.

Moreover, Al-Mashat highlighted that Egypt and Bulgaria will celebrate 100 years of diplomatic ties in 2026. She emphasized that relations between Egypt and Bulgaria have gained momentum under President Abdel-Fattah El-Sisi, particularly following the Bulgarian President’s landmark visit to Cairo in 2019.

Furthermore, Al-Mashat highlighted Egypt’s efforts to improve the business climate and enhance economic cooperation with the European Union (EU).