China
China State Construction Engineering Corporation (CSCEC) will study establishing an industrial zone in New Alamein Mediterranean city.
Egyptian Minister of Interior Major General Mahmoud Tawfik, who is paying an official visit to China, held a discussion session with Minister of Public Security of China Wang Xiaohong, on Thursday, at the headquarters of the Chinese Ministry of Public Security.
About 2,066 Chinese companies operate in Egypt, with investments totaling around $8 billion across diverse sectors such as textiles, clothing, home appliances, and animal feed, said Executive Vice Officer of the General Authority for Investment and Free Zones (GAFI) Yasser Abbas.
The meeting focused on strengthening cooperation and introducing the Chinese delegation to the diverse investment opportunities in SCZone, spanning 21 sectors ranging from industrial to logistical, with the aim of drawing more companies from Jiangsu Province to invest in the zone.
The two Chinese delegations have as members representatives of the public and private sectors.
Among several agreements, worth a total of $1.1 billion, signed at the Forum on China-Africa Cooperation on Friday, Egypt’s Information Technology Industry Development Agency (ITIDA) and China signed off on five major memoranda of understanding (MoUs).
During the three-day Forum on China-Africa Cooperation in Beijing, Egypt and China signed agreements with Chinese companies totaling over $1.1 billion
Egypt continues its cooperation with all developed countries to localize information technology industry, said Amr Talaat, Minister of Communications and Information Technology.
Madbouly met with Dai Jun, the Chairman of the Board of Directors of the global "Famsun Agrifam" Group, which will- in cooperation with Mostaqbal Misr Company- grain silos with storage capacity of 500,000 tons in Egypt’s New Delta.
Under the contract, high saline water will be imported for producing the Bromine. According to the contract, an 80,000-square-meter plot of land has been allocated to establish the factory for producing the Bromine ore next to a desalination water plant.
“China and Africa account for one-third of the world population. Without our modernization, there will be no global modernization,” Xi stated.
Madbouly, who is attending the China-Africa Cooperation Forum (FOCAC), met with Zhao on Wednesday, praising China for its achievements in construction and urban development, positioning it as a vital ally in addressing global challenges
Mabdouly will witness the signing of several memoranda of understanding regarding new investments in the Suez Canal Economic Zone (SCZONE) and other contracts in the communication and information technology sector.
Abdel Aal highlighted Egypt's intention to enhance Chinese investments by establishing a dedicated economic zone inspired by those in China.
Chairman of the General Authority for Investment and Free Zones (GAFI) Hossam Heiba met Wednesday with the firm’s chairman.
Minister of Foreign Affairs, Emigration and Egyptian Expatriates Badr Abdelatty on Tuesday discussed in a phone call with Chinese Foreign Minister Wang Yi, efforts aimed at reducing tensions in the Middle East region and preventing the expansion of the current conflict.
Egyptian Minister of Investment and Foreign Trade Eng. Hassan El Khatib met with members of the Egyptian side of the Egyptian-Chinese Business Council, where they discussed ways to enhance investment and trade cooperation between Egypt and the People's Republic of China.
Minister of Communications Discusses Establishing a Center for Research and Development for Semiconductors, Artificial Intelligence and Data Centers in China
They are also interested in producing medical devices and drugs in Egypt.
He further praised the latest efforts exerted by the friendly People's Republic of China.
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