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Elham AbolFateh

Egypt

Egypt opens its doors for more Chinese investments، Minister

Thursday 09/August/2018 - 04:49 PM
Sada El Balad
Hassnein Tayea
Egyptian Minister of Investment and International cooperation Dr. Sahar Nasr held a meeting today Thursday with a delegation from the Hebei Provincial Government of China and eight Chinese major companies، as well as the Chinese company CFLD، which is specialized in the field of construction of new cities، during their visit to Egypt.

Nasr confirmed that Egypt opens its doors for Chinese investments، especially in light of the current economic and legislative reforms in accordance with President Abdel-Fattah Al-Sisi’s directives.


She added that the Egyptian government is working actively to promote private sector’s investments، as being the main motive for greater economic growth، more job opportunities.


During the meeting، China’s Sinoma International Engineering Company expressed its intention to establish an iron and steel plant with a production capacity of 2 million tons annually، and investments estimated at $100 million، Vice Chairman of the company Liu Zhijiang said.

During the meeting، Chinese companies expressed their desire to inject new investments into the Egyptian market during the coming period.

They also praised the steps taken by Egypt to improve the business environment during the last period.



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