Egypt Daily News – The official visit of French President Macron to Egypt on April 7 and 8, 2025, will witnessed the signing of joint strategic agreements between President Sisi and Emmanuel Macron to support the Egyptian economy. The visit included signing several strategic agreements in sectors such as health, transportation, renewable energy, and education.
It also included President Macron viewing a presentation about the new campus of the French University in Egypt and visiting the new subway line operated by the French company RATP.
The agreements signed on Monday, April 7, which open the door for new French investments in Egypt, were welcomed by Egyptian media.
President Emmanuel Macron described the agreements as contributing to strengthening Egypt’s stability amid the regional fluctuations. He said in a joint press conference with President Sisi in Cairo, “Egypt is a strategic partner for our country.”
He added, “Therefore, I would like to reaffirm France’s commitment to ensuring Egypt’s stability amid the deteriorating situation in the region and the challenges faced by the Egyptian economy.”
Egypt and France sign a 7 billion euro agreement to develop a green hydrogen plant
The Egyptian Ministry of Transport announced that Egypt and France had signed an agreement worth seven billion euros ($7.68 billion) to fund and operate a facility for green hydrogen production.
The statement mentioned that a cooperation agreement was signed to develop, finance, build, and operate an integrated green hydrogen production plant and its derivatives, including green ammonia, in the Ras Shuq’ area. The total investment cost of the three phases of the project is 7 billion euros, aiming to reach an annual production total of one million tons.
President Macron supports talks between Egypt, the International Monetary Fund, and the European Commission
During the visit, President Macron confirmed his support for talks between Egypt, the International Monetary Fund, and the European Commission.
The International Monetary Fund approved a $1.2 billion disbursement to Egypt in March, as the country faces rising inflation and a foreign currency shortage.
President Macron also clarified that the French agency responsible for foreign aid would sign loans and grants worth 260 million euros ($284.5 million) for Egypt in sectors such as transportation, health, water, and energy.
