Egypt and Germany signed a €50 million debt-swap agreement to finance energy transition projects and expand solar and wind power plants

The General Authority for the Suez Canal Economic Zone (SCZONE) signed a contract with German company Sun Garden to establish a textiles and furnishings project in the Qantara West Industrial Zone.

Around 1,600 German companies operating in Egypt have injected a total investment worth over €6 billion into the country's private sector, mainly the energy, green transition, and industrial development sectors.

The bilateral economic cooperation portfolio between Egypt and Germany has reached €1.6 billion, announced Minister of Planning, Economic Development, and International Cooperation Rania Al-Mashat.

Germany-based company BAMAG is developing a wastewater treatment plant in Egypt, with investments exceeding €15 million.

Rania Al-Mashat, Minister of Planning, Economic Development, and International Cooperation, signed a financial cooperation agreement (FCA) worth €118 million (EGP 6.7 billion) with Jürgen Schulz, Germany's Ambassador to Egypt.

Minister of Investment and Foreign Trade Hassan El-Khatib reviewed the ongoing economic reforms and available investment opportunities in Egypt during his extensive meeting with the heads of the Arab-German Chamber of Commerce and Industry.

Minister of Investment and Foreign Trade Hassan El-Khatib and German Minister for Economic Affairs and Energy Katherina Reiche agreed to support efforts to establish a German industrial zone in the SCZONE

Egypt is negotiating with Germany to lease a liquefied natural gas (LNG) unit to secure additional supplies ahead of rising summer demand.

Minister of Petroleum and Mineral Resources Karim Badawi and Director General for Economic Policy in the German Federal Ministry for Economic Affairs and Energy and Ministry Coordinator for Sustainable Development Philipp Steinberg discussed ways to enhance cooperation in the fields of natural gas, hydrogen production, and carbon storage.

Egypt is seeking to benefit from German technologies and industrial expertise in developing the local industry.

Egypt and Germany have signed agreements worth €77.3 million to support various development sectors, according to a statement by the Egyptian Ministry of Planning, Economic Development, and International Cooperation.

A signing ceremony of financing agreements, including a €30 million debt swap agreement, will highlight the first Egyptian-German Development Cooperation Day.

The Egyptian Minister of Investment and Foreign Trade Hassan El-Khatib and the Minister of Economic Affairs of North Rhine-Westphalia witnessed the signing of a joint cooperation declaration between the Egyptian Commercial Service (ECS) and NRW Global Business.

The German company SMS Group is planning to build a direct reduced iron (DRI) plant in Egypt.

The Minister of Investment and Foreign Trade Hassan El-Khatib is heading to Berlin to attend the first economic summit between Egypt and the state of North Rhine-Westphalia.

German energy firm 2G Energy is pursuing partnerships with five Egyptian companies to launch projects in green hydrogen, biogas, and combined heat and power (CHP) systemsز

Egypt and Germany have probed fostering cooperation in the field of evidence-based economic development policies.

The German construction materials manufacturer Knauf is planning to open its third gypsum board factory in Egypt, with direct investments of €80 million, General Manager of Knauf Egypt Mohamed Abdelrasoul stated.

Germany’s Power-to-X (PtX) Development Fund has inked a grant agreement worth €30 million with SCATEC for a green hydrogen project in Egypt.