The boat is one of the oldest, largest, and best-preserved vessels from antiquity and has been identified as the world's oldest intact ship.
The significant discovery was made in Abu Rawash, west of Cairo, the antiquities minister Mohammed Ibrahim said.
"It goes back to the era of Pharaoh Den, one of the First Dynasty kings," said Ibrahim.
The six-metre long and 1.5-metre wide pharaonic solar boat "is in good condition," he added.
Its planks are now undergoing renovation before it is put on display in a museum, the 'Middle East Online' reported.
The pharaohs believed that solar boats, buried close to them at death, would transport them in the afterlife.
The boat's wooden sheets were transported to the planned National Museum of Egyptian Civilisation were they will be restored.
Once the museum is built, it is expected they will be put on display at some point next year.
The group of French archeologists were working for the French Institute of Oriental Archaeology (IFAO).
The group first started its excavation work in Abu Rawash in the early 1900s.
In 1954 an Egyptian archaeologist discovered what may be the Pharaoh Khufu's 43-metre solar ship, made of cedar, in a Giza pyramid.
The 4,500 year-old intact vessel is on display near the pyramid.
