Egypt and Spain inked a joint development agreement, the first of its kind signed between the two countries, to foster bilateral economic relations

The Egypt-Spain Business Forum kicked off in Cairo on 18 September, marking a new milestone in the economic partnership between the two countries, according to a statement.

The bilateral trade between Egypt and Spain reached $1.5 billion in the first half (H1) of 2025, according to the Central Agency for Public Mobilization and Statistics (CAPMAS).

South Valley Cement has agreed to sell its 47.61% subsidiary, Building Materials Industries, to the Spanish company Instituto Tecnol?gico de Inform?tica (ITI) for EGP 584 million at EGP 2 per share

The Suez Canal Aquaculture Company, a subsidiary of the Suez Canal Authority (SCA), signed a memorandum of understanding (MoU) with Spain’s Tejedor Lazaro Group to collaborate in fisheries, aquaculture, fish farm operations, and the feed industry.

Egypt and Spain have upgraded their bilateral relations to the level of strategic partnership, following a declaration signed by President Abdel Fattah El-Sisi and Spanish Prime Minister Pedro S?nchez.

Minister of Investment and Foreign Trade Hassan El-Khatib participated in a roundtable discussion at the Spanish Chamber of Commerce.

Minister of Investment and Foreign Trade Hassan El-Khatib met with a delegation from Tecnicas Reunidas to discuss investment opportunities in Egypt’s energy sector.

The Egyptian Minister of Investment and Foreign Trade Hassan El-Khatib met with Javier Brey, President of the Spanish Hydrogen Association (AeH2), and its members to explore investment opportunities in Egypt's hydrogen production sector.

Egyptian Minister of Planning and Economic Development, and International Cooperation Rania Al-Mashat signed a €1.4 million grant agreement with Spain's Economic and Commercial Advisor in Egypt, Eduardo Soriano, to fund an initial feasibility study for extending the Cairo Metro’s first line from New El-Marg to Shubra El-Kheima.

Egypt has signed two grants worth a total of €800,000 with Spain, provided by the Spanish Agency for International Development Cooperation (AECID).

The development investment portfolio between Egypt and Spain reached $867 million during the period from 2020 to 2023.

Tourist arrivals to Egypt increased by 9% year on year (YoY) during the first 19 days of 2024, Minister of Tourism and Antiquities Ahmed Issa stated.

The Egyptian Ministry of Water Resources and Irrigation has signed a memorandum of understanding (MoU) with the Spanish Agency for International Development Cooperation (AECID) to support the Enhanced Water Resources Management Project in Egypt.