In a significant move to enhance Egypt's economic resilience amidst regional instability, France and Egypt have entered into strategic partnership agreements focusing on key sectors such as health, transport, and energy. French President Emmanuel Macron, during a joint press conference with Egyptian President Abdel Fattah al-Sisi in Cairo, emphasized the importance of Egypt as a strategic ally. He reiterated France's dedication to supporting Egypt's stability in light of escalating regional challenges and economic hardships.

As part of this collaboration, France's overseas aid development agency has committed €260 million (approximately $284.5 million) in loans and grants. These funds are earmarked for advancements in transport, health, water, and energy sectors. Additionally, President Macron expressed his support for Egypt's ongoing negotiations with the International Monetary Fund (IMF) and the European Commission. Notably, the IMF recently approved a $1.2 billion disbursement to Egypt to address issues of high inflation and foreign currency shortages.

Beyond economic cooperation, both leaders called for an immediate ceasefire in Gaza and advocated for the release of Israeli hostages, highlighting their joint commitment to regional peace and security.

This development builds upon the robust economic relations between Egypt and France. According to Egypt's Minister of Investment and Foreign Trade, Hassan al-Khatib, French investments in Egypt are currently estimated at €7 billion, spanning 180 projects across various sectors.

The newly signed agreements signify a deepening of bilateral ties, aiming to foster economic growth and stability in Egypt during a period marked by regional volatility.