China
Egypt extended its heartfelt condolences to the People’s Republic of China following the devastating earthquake that struck southwestern China on Tuesday, resulting in numerous fatalities and injuries.
Chairman of the Board of Directors of Damietta Port Authority Tarek Adly Abdullah said the port is ready to provide all forms of support to the China Xinxing Group Co. Ltd., which specializes in the manufacture of pipes, tubes, and steel products in implementation of the directives of the Minister of Industry and Transport Kamel El Wazir.
China successfully sent a test satellite, Shijian-25, into space on Tuesday morning, using a Long March-3B rocket for the launch, according to Xinua news agency.
The project, led by Chinese Elite Solar Company, will feature a production line covering 78,000 square meters, with an investment exceeding $150 million.
Liu Deming, Lutai’s Global Marketing Director, confirmed the company’s goal to create a full supply chain in Egypt, from yarn production to garment manufacturing, with 100% of the output for export. This aligns with Egypt’s strategy to attract export-oriented investments.
Egypt and China issued a joint statement at the conclusion of the fourth round of their strategic dialogue.
Minister of Foreign Affairs, Emigration and Egyptian Expatriates Badr Abdelatty said Thursday he is keen on offering full support to Egyptian citizens abroad and to provide consular services to Egyptian communities through Egyptian diplomatic and consular missions overseas.
Minister of Foreign Affairs, Emigration and Egyptian Expatriates Badr Abdelatty headed for Beijing on Wednesday on a visit aiming at enhancing relations between the two countries.
China topped the list of the top 5 markets for Egyptian imports from the beginning of this year until last August, according to the Central Agency for Public Mobilization and Statistics, compared to the same period last year 2023.
A study of establishing a $100-million feed factory complex in Egypt was discussed Wednesday in a meeting between Minister of Local Development Manal Awad and a delegation of Chinese company New Hope.
El-Din underlined that the facility's production of flat and photovoltaic glass, which is used in solar panel manufacturing, will support the growth of renewable energy industries.
Discussions with the Egyptian Prime Minister will determine the timeline for subsequent phases.
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.
