Egypt and Croatia have strengthened their economic ties, focusing on expanding trade and investment opportunities. Speaking at a joint press conference in Egypt’s New Administrative Capital (NAC), Egyptian Prime Minister Mostafa Madbouly and Croatian Prime Minister Andrej Plenković outlined their countries’ collaborative efforts in key sectors.
Prime Minister Madbouly highlighted the burgeoning partnership between Egypt and Croatia, particularly in the energy sector. Egyptian company Petrojet is working alongside Croatian and Greek firms to construct offshore platforms in the Adriatic Sea. This project symbolizes a deepening alliance that extends beyond borders. Meanwhile, Croatia’s INA is actively participating in several oil and gas concessions within Egypt, further cementing this bilateral energy partnership.
According to the International Energy Agency (IEA), global demand for energy partnership is expected to rise by 20% by 2030, suggesting that such collaborations could be pivotal in meeting future energy needs.
During Prime Minister Plenković’s third official visit to Egypt, discussions also revolved around infrastructure development. Madbouly emphasized Egypt’s extensive experience in executing large-scale projects internationally and expressed interest in leveraging Egyptian construction expertise to bolster collaboration with Croatia.
The African Development Bank reports that Egypt has been a leader in infrastructure development, with projects valued at over $87 billion initiated in the past decade alone. This backdrop offers a fertile ground for Croatia to engage with Egyptian companies in transformative construction ventures.
Plenković underscored Croatia’s commitment to supporting Egypt’s strategic partnership with the European Union. “We’re here in Egypt to build partnerships across various business sectors. Egypt is a large market, and that is our primary objective for this visit,” he stated.
The Croatian Prime Minister’s comments reflect a shared vision for nurturing business relationships that could drive economic growth in both regions. Exclusive insights from sources within the Croatian delegation suggest that future collaborations could extend into technology and education sectors, areas recently identified as growth markets by the World Economic Forum.
