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Elham AbolFateh

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Chinese investments in Egypt hit $15 bln in 2018، minister

Monday 14/May/2018 - 07:28 PM
Sada El Balad
Hassanein Tayea
Minister of Local Development major general Abu Bakr El Gindy met today Monday the deputy head of the Chinese People's Association.

During the meeting، the two parties discussed Friendship aspects of cooperation in the fields of local development and decentralization، as well as economic development in Egypt's villages.

The meeting، which was attended by Chinese Ambassador in Cairo Song Aiguo، shed light on the depth of Egyptian-Chinese relations.

The minister praised the strategic relationship between Egypt and China and the gains achieved during the past period thanks to permanent understanding and consultations between President Abdel Fattah El Sisi and his Chinese counterpart Xi Jinping.

He said the volume of Chinese investments in Egypt hit 15 billion dollars، pointing out that China plays a key role in carrying out the industrial project in the North-West Suez Special Economic Zone، which is the biggest in Africa، besides the Chinese role in the new administrative capital.

He pointed out to joint cooperation projects in the fields of training، expertise exchange، twinship of cities and economic development.

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