President Sisi discusses expanding ‘China Energy’ projects in Egypt

CAIRO – 31 May 2024: President Abdel Fattah El-Sisi met with Song Hailiang, Chairman of the Board of China Energy Engineering Corp. “China Energy” and a number of senior company executives, on the sidelines of his state visit to the Chinese capital, Beijing, on Friday.

The Spokesman of the Presidency, Counselor Dr. Ahmed Fahmy, said that President El-Sisi affirmed Egypt's keenness to increase Chinese investments and develop cooperation with Chinese companies operating in Egypt, with “China Energy” being at the forefront. Egypt values the existing cooperation with the corporation and its participation in several major projects.

President El-Sisi also emphasized Egypt's interest in enhancing coordination and cooperation with the company and benefiting from its expertise and capabilities, welcoming the company's willingness to expand its projects in Egypt, especially those related to green hydrogen. Egypt is also keen on localizing industries and technology, training and employing local workforce, and providing new job opportunities in the Egyptian market. The two sides discussed new project proposals available for mutual cooperation and ways to advance ongoing joint projects.

On his part, the Chairman of China Energy praised the existing cooperation between the two sides, noting that Egypt is among the largest promising markets in the energy and green hydrogen sectors. He affirmed the company's commitment to continue developing various areas of mutual cooperation to serve the interests of both sides.

Also, President Sisi met with Chairman of China State Construction Engineering Corp. (CSCEC), Zheng XueXuan, accompanied by the group’s senior executives, on the sidelines of the President's state visit to China.

The President reviewed developments in the infrastructure sector in Egypt in recent years, which has provided significant opportunities for foreign investors to increase their investments in Egypt.

President El-Sisi emphasized the Egyptian government's keenness for Chinese companies to capitalize on this development by enhancing their investments in Egypt, which would benefit the two countries and further boost their bilateral relations.