The European Commission intends to provide Egypt with a package of support measures worth €75 million as part of a high-level EU-Egypt summit scheduled for Wednesday in Brussels, an EU official told Euronews.

The official stated that the grant is aimed at promoting socio-economic development, enhancing stability, and fostering inclusive growth—particularly for women and youth—through improved access to healthcare, education, water supply, and sanitation. Egypt has played a vital role in facilitating the signing of a ceasefire agreement in Gaza. Earlier this month, Egypt also hosted an international conference dedicated to the first phase of implementing the Gaza peace agreement.

U.S. President Donald Trump attended that conference along with European and Arab leaders. The funding is part of a macro-financial program adopted in March 2024, which plans a total €7.4 billion investment in Egypt from 2024 to 2027.

“Today’s initial initiative, along with the high-level EU-Egypt summit, marks a new phase in our strategic and comprehensive partnership aimed at further strengthening cooperation in economic stability, sustainable development, and reforms,” said Mediterranean Commissioner Andubravka Shoya.

The summit will be attended by European Commission President Ursula von der Leyen, European Council President Charles Michel, and Egyptian President Abdel Fattah el-Sisi.

In addition to the €75 million grant, the European Commission will also announce additional loans as part of the €7.4 billion program.

Since March 2024, the EU has intensified its cooperation with Egypt, viewing it as a strategic partner in six key areas: political relations, economic stability, trade and investment, migration and mobility, security and demographics, and human capital.

Within this renewed partnership, the EU has announced a €7.4 billion macro-financial assistance package for 2024–2027. Payments are not automatic, as each requires a separate EU legislative act. Consequently, political disagreements could affect the process and potentially lead to delays.

In April of the same year, the EU approved and allocated €1 billion in short-term micro-financial aid to Egypt under the €7.4 billion package to address urgent economic stability issues. Earlier this year, EU member states and the European Parliament agreed on an additional €4 billion within the same framework, which has not yet been disbursed.

The EU maintains regular relations with Egypt despite the so-called “Association Council,” first convened in 2004.