Major General Mohamed Salah Abu Hamila, Chairman of the Parliamentary Body of the Republican People’s Party in the House of Representatives, Secretary-General of the party, said that the tripartite summit between Egypt, Greece and Cyprus will be held in Cairo between President Abdel Fattah El-Sisi, his Cypriot counterpart Nikos Christodoulides, and Greek Prime Minister Kyriakos Mitsotakis, which is… The tenth summit between the three leaders, since the launch of the tripartite cooperation mechanism in 2014, strengthens regional cooperation in the Eastern Mediterranean region. It reflects the strength of the strategic relations between the three countries, and also contributes to strengthening joint economic and political cooperation between them, which will reflect positively on increasing the volume of mutual investments and intra-trade.
Abu Hamila explained that The summit came at an appropriate and important time in light of the geopolitical tensions in the Middle East and regional and international challenges, explaining that deepening cooperation between the three countries contributes to confronting illegal immigration and terrorism and enhancing security and stability in the region, in addition to The presence of a number of representatives of more than 70 Greek and Cypriot companies and 200 Egyptian companies at the summit is an opportunity for Egypt to present the investment opportunities available to these companies, especially since Egypt’s climate has become attractive to foreign investments, which contributes to attracting more foreign investments from the two countries to invest in Egypt, especially since Egypt enjoys the presence of huge economic zones such as the Suez Canal Economic Zone and renewable energy and green hydrogen projects, in addition to Egypt’s strong and stimulating infrastructure and legislation that encourages investment.
Abu Hamila continued that there is a strong rapprochement between Egypt, Greece and Cyprus and the three countries are keen to increase joint strategic cooperation between them, expecting the volume of incoming tourism from Cyprus and Greece to increase during The upcoming period of visiting Egypt, especially after the visit of the Governor of South Sinai last November to Greece and holding an expanded meeting with prominent tourism companies there in order to promote South Sinai’s tourist destinations, in addition to the holding of the Egyptian-Greek-Cypriot Economic Forum. On the sidelines of the summit, with the participation of ministers of the three countries and representatives of companies from the three countries in various economic sectors, including energy, industry, agriculture, fisheries, infrastructure, and others, which contributes to attracting foreign investments in these sectors.
Abu Hamila pointed out that there is already joint cooperation between Cyprus, Greece and Egypt, including the electrical interconnection project, which is the green energy network project. Gregory" It is a marine electric cable that transmits electricity from renewable energy from Egypt. It is a huge project for electrical interconnection between Egypt and Europe. It represents a qualitative leap for the transition to clean energy and will bring Egypt a large national income. It will also turn Egypt into a major hub for energy exchange between it and the European world. In addition, it may An agreement was signed with Greece last October to implement a number of projects to supply and market natural gas in Eastern European countries. A joint company based in Greece was established that aims to trade, transport and supply gas to Eastern European countries and Greece, in addition to Egypt establishing the Eastern Mediterranean Gas Forum between the three countries. .
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