Egyptian President Abdel Fattah El-Sisi signed an agreement on Wednesday with his Cypriot counterpart Nicos Anastasiades and Greek Prime Minister Alexis Tsipras that will see the three countries working closely on energy and security issues.
The three leaders agreed on the establishment of a “standing Joint Committee of Cooperation” that will focus on tourism, investment and energy projects related to Egypt, Cyprus and Greece.
The signed agreement also affirmed the three countries’ dedication to combating terrorism and the issue of illegal immigration, while boosting economic projects that will benefit the three countries, including a plan to take full advantage of natural gas and hydrocarbon resources in the region.
This agreement comes after the discovery of a “supergiant” gas field in the Mediterranean off Egypt’s shores earlier this year, which Anastasiades said “must be a catalyst for wider regional cooperation”.
Speaking at the closing ceremony of the Egypt-Greece Business Council meeting in Athens, Sisi stressed on the importance of strengthened cooperation and that Egypt will work diligently to ensure business relations between the two Mediterranean countries continue to prosper.
Meanwhile, Tsipras reaffirmed Greece’s continuing support for Egypt and its interest in promoting economic relations.
Sisi also met with the Greek Minister of Defense on Wednesday and the two discussed their countries’ military cooperation, particularly as the Egyptian naval and air forces are currently in Greece to participate in joint military exercise Meidoza 2015, according to a statement from Egypt’s State Information Service (SIS).
The statement also said Sisi spoke of his appreciation of strong Greek-Egyptian ties in military and defense matters, as this cooperation “is doubly important” under the current regional circumstances.
Sisi, Tsipras and Anastasiades agreed to hold another tripartite summit in Cairo next year to continue discussing opportunities for cooperation.