Egypt Signs Investment Agreements with China

Worth $ 18.3 billion, on the sidelines of Egyptian President Abd al-Fatah’s visit to China.

Egypt’s State Information Service said on Wednesday that the government had signed a number of agreements and contracts with Chinese companies

“Sisi witnessed the signing ceremony of a number of agreements and contracts with a number of Chinese companies to implement seven projects in Egypt with an investment value of about 18.3 billion dollars.

The projects include the establishment of the second phase of the central works in the administrative capital, the pumping and storage station at Mount Ataqa, the construction of the power plant in Hamraouine, the textile zone project, the gypsum board project, the new materials plant and the construction of a refinery and petrochemical complex at the Suez Canal.

The Egyptian president visited Beijing as part of a large group of African leaders in the Chinese capital to participate in the China-Africa Forum, which started on Monday.