China-Arab States Expo
The current value of investments in the car sector is $3 billion, represented in 100 companies that employ 86,000 workers.
Agreements are in the fields of automotive, agriculture, economic zones and technology.
The Egyptian Holding Company for Maritime & Land Transport will sign three MoUs with Chinese automotive companies to cooperate in car manufacturing.
China's president stated that Arab countries have become important partners in the building of the Belt and Road project.
The memo aims at forming an Egyptian-Chinese committee to settle trade conflicts in a bid to increase cooperation between both states in the coming period.
On the sidelines of the exhibition, Egypt will hold a conference to promote investment and trade between Cairo and Beijing.
A wrap-up for the most prominent business news of the day.
During the fair, Egypt will highlight its tourist products and promote the country’s tourist destinations.
Egypt is expected to sign an agreement with China to establish an electric train and another to launch the country’s second satellite.
