Major Egypt-China Projects Coming Soon, Says Egyptian Ambassador Ahead of BRICS Summit
Ahram Online
Sunday 3 Sep 2017
Egypt's ambassador to China, Osama El-Magdoub, said on Sunday that many joint projects between the two countries, in different fields, will be announced soon.
Speaking on the first day of the 2017 BRICS summit in Xiamen in China, El-Magdoub told Egyptian private news channel Extra News that relations between Cairo and Beijing are witnessing strong growth, and that the Chinese are interested in investing in Egypt.
The Egyptian ambassador mentioned coming Chinese investments in the new administrative capital worth $3.2 billion as well as other investments by two Chinese companies worth $8 billion.
The summit, which includes the leaders of Brazil, Russia, India, China and South Africa, will be held from 3 to 5 September. The theme of the ninth annual summit is “Stronger Partnership for a Brighter Future.”
Egypt’s President Abdel-Fattah El-Sisi is set to participate in the summit, upon the invitation of his Chinese counterpart Xi Jinping.
El-Sisi is also set to deliver a speech at the summit in the dialogue session on Tuesday, to present Egyptian economic policies and efforts to attract foreign investment, and expansion in external cooperation.
The speech will also highlight suggested models to consolidate global governance, and joint efforts for cooperation between Egypt and the other participating countries.
El-Sisi is also expected to meet with a number of large Chinese companies investing in Egypt, as well as bilateral meetings with Chinese, Russian and Indian counterparts.
According to El-Magdoub, China supports Egypt’s recent programme of economic reforms.
He said the summit would focus on economic issues, and will address the means of cooperation to overcome the problems of the global economy, especially the structural sides.
http://english.ahram.org.eg/News/276450.aspx
Sunday 3 Sep 2017
Egypt's ambassador to China, Osama El-Magdoub, said on Sunday that many joint projects between the two countries, in different fields, will be announced soon.
Speaking on the first day of the 2017 BRICS summit in Xiamen in China, El-Magdoub told Egyptian private news channel Extra News that relations between Cairo and Beijing are witnessing strong growth, and that the Chinese are interested in investing in Egypt.
The Egyptian ambassador mentioned coming Chinese investments in the new administrative capital worth $3.2 billion as well as other investments by two Chinese companies worth $8 billion.
The summit, which includes the leaders of Brazil, Russia, India, China and South Africa, will be held from 3 to 5 September. The theme of the ninth annual summit is “Stronger Partnership for a Brighter Future.”
Egypt’s President Abdel-Fattah El-Sisi is set to participate in the summit, upon the invitation of his Chinese counterpart Xi Jinping.
El-Sisi is also set to deliver a speech at the summit in the dialogue session on Tuesday, to present Egyptian economic policies and efforts to attract foreign investment, and expansion in external cooperation.
The speech will also highlight suggested models to consolidate global governance, and joint efforts for cooperation between Egypt and the other participating countries.
El-Sisi is also expected to meet with a number of large Chinese companies investing in Egypt, as well as bilateral meetings with Chinese, Russian and Indian counterparts.
According to El-Magdoub, China supports Egypt’s recent programme of economic reforms.
He said the summit would focus on economic issues, and will address the means of cooperation to overcome the problems of the global economy, especially the structural sides.
http://english.ahram.org.eg/News/276450.aspx
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