The Cairo business conference held alongside the summits between Cyprus, Egypt and Greece, highlighted economic ties and a shared vision for the region, the Cyprus Chamber of Commerce (Keve) said on Thursday.

“Discussions focused on cooperation in key sectors such as energy, trade, tourism, technology, and infrastructure,” Keve’s announcement said.

The three business chambers on Wednesday signed a Memorandum of Understanding (MoU) establishing a trilateral council which aims to “promote collaboration, facilitate matchmaking activities, and implement joint programs and initiatives.”

Participants aligned their goals of maximising the Eastern Mediterranean’s potential to lead global energy security and innovation and these efforts “leverage the unique strengths of each country towards economic opportunities and sustainable development across the region,” Keve said.

Head of Keve Stavros Stavrou in his address emphasised Cyprus’ strategic role as a business hub at the crossroads of Europe, Asia, and Africa, and its interest in partnerships in renewable energy and hydrocarbons.

The aim is to transform the Eastern Mediterranean into “a global energy hub” and “a model of stability, sustainability, and prosperity,” Stavrou said.

The agreements made in the course of the meetings signalled the commitment of Cyprus, Greece, and Egypt to work together toward a prosperous future, Keve added.

The conference was attended, among others, by the president of the federation of Egyptian Chambers of Commerce Ahmed El Wakil, the head of the Hellenic Chambers of Commerce Ioannis Masoutis, and Keve’s Secretary General Philokypros Roussounides, as well as the president and members of the Cyprus-Egypt Business Association.