Egypt and Greece Strengthen Economic Ties through FII Talks

Strategic Insights -

Egyptian Minister of Planning, Economic Development, and International Cooperation Rania Al-Mashat met with Greek Deputy Foreign Minister Harry Theocharis on the sidelines of the ninth Future Investment Initiative (FII) in Riyadh to expand economic and investment cooperation between the two countries. The talks highlighted Egypt's commitment to strengthening ties with Greece, particularly in energy, innovation, and industrial development. Minister Al-Mashat emphasized the importance of public-private partnerships in sectors such as the green economy, transport, health, and education. Both sides stressed the need to mobilize sustainable financing and adopt innovative investment tools to support knowledge-based sectors and green growth.

Key Takeaways:

  • Egypt and Greece discussed expanding economic and investment cooperation, with a focus on energy, innovation, and industrial development.
  • Minister Al-Mashat highlighted Egypt's commitment to strengthening ties with Greece, particularly in energy, innovation, and industrial development.
  • The meeting touched on Egypt's growing engagement with Europe, underscored by the recent Egypt-EU summit in Brussels and the elevation of bilateral relations under President Abdel-Fattah El-Sisi.
  • The two sides explored cooperation in advanced engineering, artificial intelligence, and cyber security.
  • Al-Mashat praised Greece's expertise in maritime industries, digital infrastructure, and higher education, describing them as complementary to Egypt's innovation ecosystem.
  • Both sides stressed the need to mobilize sustainable financing and adopt innovative investment tools to support knowledge-based sectors and green growth.
  • Minister Al-Mashat noted the potential for expanding Greek investments in Egypt, particularly in renewable energy, logistics, construction, and telecommunications.
  • Egypt and Greece have a growing partnership, with bilateral trade reaching $2.1 billion in 2023.

Statistics:

  • Bilateral trade between Egypt and Greece reached $2.1 billion in 2023.
  • In 2024, 15,462 Greek tourists visited Egypt, accounting for 158,258 overnight stays.
  • As of September 2024, Greek investments in Egypt totalled $256.93 million across 224 companies.
  • The 1.8 billion-euro European Investment Guarantee Mechanism in Egypt offers a key opportunity to scale up European engagement.
  • Egypt's Narrative for Economic Development, a strategic roadmap aligning Vision 2030 with sectoral strategies and government priorities, aims to boost productivity and redefine the state's role in the economy.

Sources:

  • State Information Service Egypt (29 Oct 2025) - article on Egyptian Minister Rania Al-Mashat's meeting with Greek Deputy Foreign Minister Harry Theocharis