President Cyril Ramaphosa has welcomed the European Union’s €4.7 billion Global Gateway Investment Package during the 8th South Africa-European Union Summit in Cape Town. The investment package aims to support strategic projects such as a clean energy transition, digital infrastructure, and the local pharmaceutical industry. Key areas covered include green hydrogen, renewable energy, and digital infrastructure to enhance cleaner value chains and promote renewable energy sources. The summit highlighted the importance of trade and investment relations between South Africa and the EU in achieving economic growth and development goals. Discussions also encompassed green energy, science, and health collaborations. President Ramaphosa emphasized the need for inclusive economic growth, job creation, poverty eradication, and global challenge resolution through solidarity and partnership. The summit further strengthened the strategic partnership between the two entities, fostering the commitment to building mutually beneficial relations. President Ramaphosa called on the EU to continue supporting South Africa's efforts in poverty alleviation, transitioning to a low-carbon economy, investing in climate-resilient infrastructure, and enhancing industrial capacity. The partnership is set to boost economic growth, promote sustainable practices, and enhance cooperation between South Africa and the European Union.