EU to disburse €1.5B to support Egypt’s reform program

She noted that €1.5 billion will be disbursed this month to support Egypt’s reform program, in addition to mobilizing €8 billion in investments in cooperation with President Abdel Fattah El-Sisi.

By: Business Today Staff

Tue, Jun. 16, 2026

President Abdel Fattah El-Sisi met today in France, with Ursula von der Leyen, President of the European Commission, on the sidelines of the G7 Summit.

Ambassador Mohamed El-Shennawy, the Official Spokesperson for the Presidency, stated that President El-Sisi praised the strong momentum and positive trajectory witnessed in Egypt-European Union relations since they were elevated to the level of a comprehensive strategic partnership in 2024.

The President reaffirmed Egypt’s keenness to further strengthen these relations and explore opportunities for cooperation in innovative and non-traditional fields. In this context, he highlighted the ongoing efforts to activate the outcomes of the 2024 Investment Conference, as well as the economic event held on the sidelines of the Egypt-EU Summit in October 2025.

President El-Sisi also reviewed the efforts undertaken by the Egyptian state to implement structural economic reforms aimed at improving the competitiveness and resilience of the Egyptian economy and enhancing the investment climate. He expressed hope that these reforms would be reflected in a growing presence and expanded operations of European companies in Egypt.

For her part, von der Leyen said on her official X account that the European Union is moving quickly to implement its 2024 partnership with Egypt. She noted that €1.5 billion will be disbursed this month to support Egypt’s reform program, in addition to mobilizing €8 billion in investments in cooperation with President Abdel Fattah El-Sisi.

Von der Leyen added that diplomatic efforts in the Middle East were also discussed, stressing the EU’s support for the swift implementation by all parties of the agreement between the United States and Iran. She also expressed hope for tangible progress in Gaza in relation to recovery and reconstruction.

President Abdel Fattah El-Sisi participated in the G7 Summit, hosted by France, with the attendance of leaders of member states and a number of international partners, to discuss key international and regional issues as well as global economic challenges.

The summit addresses several important files, including geopolitical developments, the global economic situation, energy security, climate change, and ways to strengthen international cooperation in addressing current challenges.

President El-Sisi is also scheduled to hold a number of bilateral meetings with leaders and officials of participating countries to discuss ways to enhance joint relations and exchange views on issues of mutual interest.

Ursula von der Leyen, President of the European Commission, affirmed that Egypt is a central and stable partner for Europe in a turbulent region.