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Egyptian Gazette
Home Business

Planning min. hails fruitful cooperation between Egypt, Greece, Cyprus in strategic sectors

by Gazette Staff
January 10, 2025
in Business, Egypt
Rania el Mashat

Rania el Mashat

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CAIRO – Minister of Planning, Economic Development and International Cooperation Rania el Mashat hailed as “fruitful” and “ongoing” cooperation between Egypt, Greece and Cyprus in a number of strategic sectors.

The trilateral summit grouping Egypt, Greece and Cyprus serves as a model for fruitful and constructive regional cooperation, Mashat said, adding that the summit is a fundamental mechanism for strengthening partnerships between the three countries.

This cooperation serves the interests of the peoples of these countries and enhances stability and development in the Eastern Mediterranean region, the minister added.

Mashat was addressing the opening session of the Egyptian-Cypriot-Greek Business Forum that took place at the headquarters of the Federation of Egyptian Chambers of Commerce (FEDCOC) in tandem with the 10th summit of the trilateral cooperation mechanism between Egypt, Greece, and Cyprus.

The summit reflects the strategic partnership and ongoing coordination amidst regional and international challenges, Mashat said.

Throughout the past years, the trilateral partnership between Egypt, Cyprus and Greece has proven to be a cornerstone for achieving security, stability and sustainable development in the region.

This trilateral cooperation encompasses a wide range of areas, including energy, the exploitation of natural resources, economic and commercial cooperation, as well as cooperation on cultural and environmental issues, the minister said.

The joint declaration issued by the trilateral summit presents promising prospects for strengthening the close partnership between the three countries in several domains, particularly economic, commercial, and investment along with the energy and water security.

Mashat highlighted the ambitious measures adopted by Egypt to diversify its water sources, preserve water resources and expand renewable energy projects.

Tags: Cypruseconomic developmentEgyptGreecePlanning

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